Captivision (CAPT) 20-F/A 24 May 24 2023 FY Annual report (foreign) (amended) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F/A
Amendment Flag	true
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Registrant Name	CAPTIVISION INC.
Entity Central Index Key	0001967478
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Shell Company	false
Document Transition Report	false
Document Annual Report	true
Document Shell Company Report	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Document Registration Statement	false
Entity File Number	001-41869
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	298‑42 Chung‑buk Chungang‑ro Chung‑buk
Entity Address, Address Line Two	Pyeong‑taek
Entity Address, City or Town	Gyounggi
Entity Address, Country	KR
Entity Address, Postal Zip Code	17800
Document Accounting Standard	International Financial Reporting Standards
Entity Well-known Seasoned Issuer	No
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Name	CKP, LLP
Auditor Location	Los Angeles, CA, USA
Auditor Firm ID	2361
Amendment Description	This Amendment No. 1 to the Annual Report on Form 20-F of Captivision Inc. for the fiscal year ended December 31, 2023, originally filed with the Securities and Exchange Commission on April 30, 2024 (the “Original Filing”), is being filed solely to include the XBRL files, which were omitted from the Original Filing.
Ordinary shares, par value $0.0001 per share [member]
Document Information [Line Items]
Title of 12(b) Security	Ordinary shares, par value $0.0001 per share
Trading Symbol	CAPT
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	28,979,828
Warrants, each exercisable for one ordinary share at an exercise price of $11.50 per share [member]
Document Information [Line Items]
Title of 12(b) Security	Warrants, each exercisable for one ordinary share at an exercise price of $11.50 per share
Trading Symbol	CAPTW
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	11,499,990
Business contact [member]
Document Information [Line Items]
Entity Address, Address Line One	298‑42 Chung‑buk Chungang‑ro Chung‑buk
Entity Address, Address Line Two	Pyeong‑taek
Entity Address, City or Town	Gyounggi
Entity Address, Country	KR
Entity Address, Postal Zip Code	17800
City Area Code	917
Local Phone Number	940‑1785
Contact Personnel Name	Gary R. Garrabrant
Contact Personnel Email Address	gg@jaguargrowth.com

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets [abstract]
Cash and cash equivalents	$ 476,715	$ 196,627
Trade receivables, net	4,176,766	697,999
Other current financial assets	73,284	1,035,930
Prepayments and other short-term assets	1,169,395	1,520,917
Inventories, net	4,745,931	5,714,352
Prepaid income tax	45	749
Current Assets	10,642,136	9,166,574
Non-current assets [abstract]
Long-term trade receivables	0	0
Non-current financial assets	107,862	107,890
Investments and accounted for using the equity method	0	2,777,515
Property, plant and equipment, net	10,486,478	11,055,170
Intangible assets, net	93,832	6,039,521
Deposits	186,573	4,515,581
Deferred income tax assets	0	2,961,847
Non-current Assets	10,874,745	27,457,524
Total assets	21,516,881	36,624,098
Current liabilities [abstract]
Trade payables	6,220,562	7,184,181
Other payables	26,842,873	5,690,765
Other current liabilities	974,911	799,571
Current lease liabilities	165,294	108,488
Product warranty provision	30,957	36,099
Short-term borrowings	13,511,319	11,863,506
Current portion of long-term liabilities	1,620,136	2,001,142
Convertible Bonds	1,961,792	0
Current tax liabilities	6,941	14,389
Current Liabilities	51,334,785	27,698,141
Non-current liabilities [abstract]
Other non-current payables	7,838,339	31,826
Pension and other employee obligations	1,825,683	1,341,858
Long-term borrowings	4,864,373	4,741,358
Derivative warrant liabilities	2,018,349	0
Non-current lease liabilities	13,943	24,694
Other non-current liabilities	0	69,836
Non-current Liabilities	16,560,687	6,209,572
Total liabilities	67,895,472	33,907,713
Share capital
Share capital	2,898	1,609
Additional paid-in and other capital	88,485,921	61,707,352
Changes in equity from equity method	(353,543)	(353,543)
Stock options	4,830,518	2,297,697
Treasury stock	(568,467)	0
Gains on sale of treasury stock	(410,453)	(410,453)
Consideration for conversion rights	98,951	0
Other capital surplus	(51,043)	(51,043)
Other components of equity	3,545,963	1,482,658
Foreign currency translation differences for foreign operations	749,855	1,933,924
Gain from FVOCI	2,688	0
Accumulated other comprehensive income	752,543	1,933,924
Unappropriated retained earnings (deficit)	(136,790,543)	(62,348,576)
Retained earnings (deficit)	(136,790,543)	(62,348,576)
Non-controlling interest	(2,375,373)	(60,582)
Total equity	(46,378,591)	2,716,385
Total liabilities and equity	$ 21,516,881	$ 36,624,098

Consolidated Statements of Prof

Consolidated Statements of Profit and Loss and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of comprehensive income [abstract]
Revenue	$ 14,636,763	$ 20,191,935	$ 9,415,119
Cost of sales	12,361,612	13,910,570	10,535,322
Gross Profit/Loss	2,275,151	6,281,365	(1,120,203)
Selling and administrative expenses	15,553,783	8,827,619	26,363,795
Operating Loss	(13,278,632)	(2,546,254)	(27,483,998)
Finance income	134,124	4,233,034	4,116,259
Finance costs	3,226,024	1,120,831	1,996,436
Other income	198,778	5,199,803	589,255
Other expense	57,952,751	15,169,616	39,211,769
Loss before tax	(74,124,505)	(9,403,864)	(63,986,689)
Corporate income tax expense(benefit)	2,861,079	(1,511,696)	(3,599,507)
Net loss for the year	(76,985,584)	(7,892,168)	(60,387,182)
Owners of the parent	(74,726,799)	(5,892,144)	(60,114,590)
Non-controlling interests	(2,258,785)	(2,000,024)	(272,592)
Other comprehensive income	(952,555)	11	3,078,430
Items that may not be reclassified to profit and loss	284,832	(362,544)	(142,167)
Re-evaluation of defined benefit plan	284,832	(362,544)	0
(negative) Changes in retained earnings due to equity method	0	0	(142,167)
Items that may be subsequently reclassified to profit or loss	(1,237,387)	362,555	3,220,597
Gain (Loss) on valuation of other financial assets	2,688	0	(7,946)
Changes in equity from equity method	0	(360,339)	1,901,262
Exchange difference on translating foreign operations	(1,240,075)	722,894	1,327,281
Total comprehensive loss	(77,938,139)	(7,892,157)	(57,308,752)
Owners of the parent	(75,623,348)	(5,985,744)	(57,036,160)
Non-controlling interests	$ (2,314,791)	$ (1,906,413)	$ (272,592)
Earnings per share [abstract]
Basic Earnings Per Share (Loss)	$ (4.05)	$ (0.41)	$ (10.14)
Diluted Earnings Per Share (Loss)	$ (4.05)	$ (0.41)	$ (10.14)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Total	Share capital	Additional paid-in capital	Other component of equity	Accumulated other comprehensive income	Retained earnings (deficits)	Total attribute to owners of parent	Non controlling interests
Equity at beginning of period at Dec. 31, 2020	$ 16,585,278	$ 2,986,315	$ 5,324,017	$ 3,166,333	$ (2,290,808)	$ 6,679,927	$ 15,865,784	$ 719,494
Net loss for the year	(60,387,182)					(60,114,590)	(60,114,590)	(272,592)
Issuance of share capital on private placement	2,619,891	261,989	2,357,902				2,619,891
Issuance of shares for payment of debt	698,638	69,864	628,774				698,638
Issuance of convertible bonds	26,277,548	2,889,562	23,387,986				26,277,548
Stock options	277,638			277,638			277,638
Loss on valuation of other financial assets	(7,946)				2,268,168	(2,276,114)	(7,946)
Exchange difference on translation of foreign operation	1,327,281				1,327,281		1,327,281
(Negative) changes in retained deficit due to equity method	(142,167)					(142,167)	(142,167)
Conversion of convertible bonds	(170,156)		2,619,282	(2,789,438)			(170,156)
Changes in equity from equity method investments	1,901,262			1,901,262			1,901,262
Conversion of shares in connection with the SPAC merger	0
Effect of the capital reorganization		(6,206,548)	6,206,548
Others	(1,244,628)			(160,063)		(641,273)	(801,336)	(443,292)
Equity at end of period at Dec. 31, 2021	(12,264,543)	1,182	40,524,509	2,395,732	1,304,641	(56,494,217)	(12,268,153)	3,610
Net loss for the year	(7,892,168)					(5,892,144)	(5,892,144)	(2,000,024)
Issuance of share capital on private placement	1,161,712	116,171	1,045,541				1,161,712
Issuance of shares for payment of debt	13,787,817	1,378,782	12,409,035				13,787,817
Stock options	687,888			687,888			687,888
Exchange difference on translation of foreign operation	722,894				629,283		629,283	93,611
Actuarial gain due to changes in financial assumptions	(362,544)					(362,544)	(362,544)
Conversion of convertible bonds	6,233,741	623,374	5,610,367				6,233,741
G-SMATT Europe stock issuance	301,847			6,752			6,752	295,095
Acquisitions	1,547,126							1,547,126
Loss on disposal of stocks	(1,247,375)			(1,247,375)			(1,247,375)
Changes in equity from equity method investments	(360,339)			(360,339)			(360,339)
Conversion of shares in connection with the SPAC merger	0
Effect of the capital reorganization		(2,117,900)	2,117,900
Others	400,329					400,329	400,329
Equity at end of period at Dec. 31, 2022	2,716,385	1,609	61,707,352	1,482,658	1,933,924	(62,348,576)	2,776,967	(60,582)
Net loss for the year	(76,985,584)					(74,726,799)	(74,726,799)	(2,258,785)
Issuance of share capital on private placement	804,005	81,055	722,950				804,005
Issuance of shares for payment of debt	5,747,682	462,627	5,285,055				5,747,682
Issuance of convertible bonds	98,951			98,951			98,951
Stock options	2,532,821			2,532,821			2,532,821
Gain from FVOCI	2,688				2,688		2,688
Exchange difference on translation of foreign operation	(1,240,075)				(1,184,069)		(1,184,069)	(56,006)
Acquisition of treasury stock	(568,467)			(568,467)			(568,467)
Actuarial gain due to changes in financial assumptions	284,832					284,832	284,832
Conversion of convertible bonds	7,674,155
Changes in equity from equity method investments	0
Conversion of shares in connection with the SPAC merger	20,228,171	1,187	20,226,984				20,228,171
Effect of the capital reorganization		(543,580)	543,580
Equity at end of period at Dec. 31, 2023	$ (46,378,591)	$ 2,898	$ 88,485,921	$ 3,545,963	$ 752,543	$ (136,790,543)	$ (44,003,218)	$ (2,375,373)

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from (used in) operating activities [abstract]
Cash generated from operating activities	$ (8,923,630)	$ (5,376,735)	$ (6,108,644)
Interest received	349	2,837	65
Interest paid	(1,549,640)	(755,650)	(1,040,473)
Income taxes benefit(paid)	(6,344)	629,544	2,160,306
Cash flows from operating activities	(10,479,265)	(5,500,004)	(4,988,746)
Cash flows from (used in) investing activities [abstract]
Proceeds from short term loans	404,461	4,787,148	10,398,441
Proceeds from sales of property, plant and equipment	4,593	0	15,878
Decrease in deposits	610,295	15,480	682,789
Proceeds from sales of non-current financial assets	0	0	325,626
Proceeds from investing activities	1,019,349	4,802,628	11,422,734
Increase in short-term loan	(481,029)	(4,433,863)	(5,440,400)
Acquisition of investments in affiliates	0	(1,423,701)	0
Acquisition of property plant and equipment	(191,215)	0	(181,408)
Acquisition of intangible assets	(15,309)	0	(160,849)
Increase in deposit	(33,886)	(47,394)	(442,753)
Cash outflows from investing activities	(721,439)	(5,904,958)	(6,225,410)
Cash flows from investing activities	297,910	(1,102,330)	5,197,324
Cash flows from (used in) financing activities [abstract]
Proceeds from short-term borrowings	13,776,408	13,074,687	6,273,360
Proceeds from long-term borrowings	240,180	4,257,002	179,854
Proceeds from disposal of stocks	0	764,712	0
Fluctuations in convertible bonds	1,852,435	157,699	0
Proceeds from issuance of stocks	804,005	907,129	2,619,890
Funds acquired on reverse acquisition	3,004,613	0	0
Proceeds from financing activities	19,677,641	19,161,229	9,073,104
Repayments of short-term borrowings	(8,523,111)	(9,056,738)	(1,064,873)
Repayments of long-term borrowings	0	(1,282,529)	(7,499,098)
Acquisition of own stocks	0	(1,735,614)	0
Decrease in deposits for rent	0	(116,100)	(8,733)
Repayments of current portion of long-term borrowings	(327,627)	0	(397,235)
Repayments of lease	(247,419)	(231,156)	(228,280)
Increase in Leasehold deposits	(67,460)	(137,994)	0
Cash outflows from financing activities	(9,165,617)	(12,560,131)	(9,198,219)
Cash flows from financing activities	10,512,024	6,601,098	(125,115)
Effects of changes in foreign exchange rates	(50,581)	(41,479)	(18,934)
Increase (Decrease) in cash and cash equivalents	280,088	(42,715)	64,529
Beginning balance of cash and cash equivalent	196,627	239,342	174,813
Ending balance of cash and cash equivalent	$ 476,715	$ 196,627	$ 239,342

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2023
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2023
Nature of operations [abstract]
Nature of operations	1. Nature of operations The principal activities of Captivision Inc. and subsidiaries (the Company) include manufacturing, installing, and selling LED display G-Glass. G-Glass is an integrated ICT product that has the basic characteristics of transparent glass but can display media images at the same time. It implements media images through the glass surface while preserving the features of a clear and transparent glass. G-Glass is the world’s first IT building material that can be applied to various places where glass is used.

General information, Statement

General information, Statement of Compliance with IFRS and Going concern assumption	12 Months Ended
	Dec. 31, 2023
General information, Statement of Compliance with IFRS and Going concern assumption [Abstract]
General information, statement of compliance with IFRS and going concern assumption	2. General information, statement of compliance with IFRS and going concern assumption. Captivision is an exempted company incorporated with limited liability in the Cayman Islands on February 23, 2023. The Company’s principal executive office is located at 298-42 Chung-Buk Chungang-ro Chung-buk, Pyeongtaek, Gyeonggi, Republic of Korea. The Company’s operations are conducted in South Korea with subsidiaries in United Kingdom, China, and United States. The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). They have been prepared under the assumption the Company operates on a going concern basis. Consolidated subsidiaries of the Company as of December 31, 2023, are as follows. Name of the subsidiary Major business activities Shareholding % Captivision Korea, Inc. (formerly known as GLAAM Co., Ltd.) Manufacture & distribute G-Glass 100.00 % Jaguar Global Growth Korea Co., Ltd. Exchange subsidiary 100.00 % As a subsidiary of the Company, Captivision Korea, Inc. has consolidated subsidiaries as of December 31, 2023, as follows. Name of the subsidiary Major business activities Shareholding % G-Frame Co., Ltd. (G-Frame) Manufacture G-Glass related products 100.00 % G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) Distribute G-Glass 76.55 % G-SMATT Tech Distribute G-Glass 100.00 % G-SMATT America Distribute G-Glass 54.63 % Information of subsidiaries as of and for the twelve months ended December 31, 2023 (before elimination of intercompany transactions): (Unit: USD) Name of the Assets Liabilities Sales Net income Comprehensive G-Frame 4,327,690 6,976,169 1,330,525 ( 770,472 ) ( 963,675 ) G-SMATT Europe 335,725 7,037,675 528,274 ( 1,992,481 ) ( 2,336,322 ) G-SMATT Tech 5,123 6,077,379 776 ( 77,173 ) ( 56,037 ) G-SMATT America 31,698 3,558,071 365,164 ( 3,948,508 ) ( 3,893,128 ) Consolidated Subsidiaries as of December 31, 2022 Name of the subsidiary Major business activities Shareholding % G-Frame Co., Ltd. (G-Frame) Manufacture G-Glass related products 100.00 % G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) (*) Distribute G-Glass 76.55 % G-SMATT Tech Distribute G-Glass 100.00 % G-SMATT America (**) Distribute G-Glass 54.63 % (*) On November 30, 2022, G-SMATT Europe acquired 100 % ownership of Inflectix Limited (“Inflectix”) as a wholly owned subsidiary for USD 301,654 . Inflectix was incorporated on July 11, 2018, by Orhan Ertughrul, G-SMATT Europe’s chief executive officer. It is located in Gloucestershire, United Kingdom and provides high level technical expertise service in biotechnology investment consulting field. (**) In 2022, certain minority shareholders of G-SMATT America Co., Ltd (an equity method associate located in CA, USA) sold all their shares, a total of 1,470,116 shares, to the Company. As a result, the Company’s ownership in G-SMATT America Co., Ltd. increased by 12.00 % from 42.63 % to 54.63 % and became the major shareholder. G-SMATT America Co., Ltd. is subject to consolidation from the date of the majority ownership change on July 1, 2022. Information of subsidiaries as of and for the twelve months ended December 31, 2022 (before elimination of intercompany transactions): (Unit: USD) Name of the Assets Liabilities Sales Net income Comprehensive G-Frame 7,558,305 6,826,664 1,563,390 ( 1,313,838 ) ( 1,423,354 ) G-SMATT Europe 1,451,597 5,908,020 208,741 ( 955,207 ) ( 761,722 ) G-SMATT Tech 74,730 6,245,793 37,607 ( 537,693 ) ( 130,280 ) G-SMATT America (*) 3,413,876 3,001,074 3,271,530 ( 3,116,733 ) ( 3,255,977 ) (*) Sales, net income (loss) and comprehensive income (loss) associated with G-SMATT America were recognized for six months from the date of majority ownership change by the Company. Going Concern The Company has an outstanding deficit of USD 136,790,543 and USD 62,348,576 as of December 31, 2023 and 2022, respectively, and the current liabilities also exceed current assets by USD 40,692,649 and USD 18,531,567 as of December 31, 2023 and 2022, respectively. Despite the accumulated losses, the Company’s management has conducted a comprehensive evaluation of the Company’s capacity to continue as a going concern, notwithstanding its operation at a deficit and the occurrence of capital erosion throughout FY23. They have determined that there are no significant issues regarding the Company’s ability to continue as a going concern considering the following factors. Classification Mitigation plan Improvement in business (1) To achieve a positive operating profit, the Company aims to increase sales while simultaneously curbing operational expenses. Proactive sales plans for 2024 have been implemented, and contracts with new customers are currently being prepared as of the reporting date. Subsequent debt to equity conversion (2) Mitigate capital impairment through conversion of debt and payables into equity. Current Liabilities Refunding Program The current liabilities refunding program entails securing cash proceeds via collection of existing accounts receivable, equity raisings from investors based in the United States and Korea. (1) As a result of recent operational improvements which have been implemented at Captivision Korea, the Company anticipates a significant increase in both revenue and operating income in 2024. (2) The Company initiated twelve equity conversion agreements as of the reporting date. Under these agreements, a total of USD 7,674,155 of outstanding debt and trade payables are to be converted into the Company’s Common Shares (the “Debt to Equity Conversion”). The Company’s consolidated financial statements were prepared on the assumption that the Company will continue as a going concern and are accounted for under the assumption that the Company’s assets and liabilities could be recovered or repaid through normal business activities. In a situation where the validity of the going concern assumption, which is the premise of preparing the Company’s financial statements, is questioned, there may be certain uncertainty relating to the feasibility of financing plans for debt repayment, new business, and financial improvement plans. However, considering the above management’s mitigation plans, the Company has feasibility to continue as a going concern and achieve positive operating profits in the near future.

Basis of Presenting Financial S

Basis of Presenting Financial Statements	12 Months Ended
	Dec. 31, 2023
Basis of presenting financial statements [abstract]
Basis of Presenting Financial Statements	Basis of Presenting Financial Statements Basis of Measurement The consolidated financial statements have been prepared on the historical cost basis except for the following material items in the consolidated statement of financial position: ▪ Certain financial assets and liabilities – measured at fair value. Comparative information The Company’s accounting treatment for the acquisition, as described in full within note 33 to these financial statements, is to account for a reverse acquisition along with a share-based payment. Therefore, the comparative figures for December 31, 2022 and 2021 are those of the legal subsidiary, Captivision Korea, and do not include the results of the Company. Functional and Reporting Currency Functional and reporting currency Each subsidiary’s financial statements of the Company are reported in the subsidiary’s functional currency, which is the currency of the primary economic environment in which each subsidiary operates. The consolidated financial statements are presented in US dollar, which is the Company’s reporting currency, whilst the functional currency is in Korean won. Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year-end exchange rates are generally recognized in profit or loss. They are deferred in other comprehensive income if they relate to qualifying cash flow hedges and qualifying effective portion of net investment hedges or are attributable to monetary part of the net investment in a foreign operation. Foreign exchange gains and losses that relate to borrowings are presented in the statement of profit or loss, within finance costs. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. Translation differences on assets and liabilities carried at fair value are reported as part of the fair value gain or loss. For example, translation differences on non-monetary assets and liabilities such as equities held at fair value through profit or loss are recognized in profit or loss as part of the fair value gain or loss and translation differences on non-monetary assets such as equities classified as available-for-sale financial assets are recognized in other comprehensive income. Fair Value Hierarchy To provide an indication about the reliability of the inputs used in determining fair value, the Company classifies its financial instruments into the three levels prescribed under the accounting standards. Financial instruments that are measured at fair value are categorized by the fair value hierarchy, and the defined levels are as follows: Level 1: The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. The quoted market price used for financial assets held by the Company is the current bid price. These instruments are included in level 1. Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Disclosure of voluntary change in accounting policy [abstract]
Summary of Significant Accounting Policies	4. Summary of Significant Accounting Policies Basis of preparation These financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the IASB. The financial statements are prepared on the historical cost basis, other than certain financial assets and liabilities measured at fair value, and accounting policies set out below have been consistently applied. The preparation of the financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of apply the accounting policies. On November 15, 2023, the Company acquired GLAAM Co., Ltd. (“Captivision Korea”) through a share for share exchange. The acquisition is not a business combination, and Captivision Korea is identified as the acquirer for accounting purposes and as such the transaction is a reverse acquisition (“De-SPAC transaction”). As the acquisition is not a business combination, the transaction falls within IFRS 2 ‘Share-based payments’. In line with the IFRIC guidance, the transaction is accounted for as follows: - The assets and liabilities of the accounting acquirer are recognized and measured in the consolidated financial statements at their pre-combination carrying amounts. - The identifiable net assets of the Company, as legal acquirer, is recognized in accordance with paragraph 10 of IFRS 2 at their fair value at grant date. - Any difference in the fair value of the shares deemed to have been issued and the fair value of the Company’s assets and liabilities is charged to the Consolidated Statements of Profit and Loss and Comprehensive Income (Loss) as a share-based payment expense and represents in substance the cost of acquiring a Nasdaq listing. Significant Accounting Policy The significant accounting policies followed by the Company in the preparation of its consolidated financial statements are as follows: The preparation of financial statements in conformity with IFRS requires management to make significant estimates and assumptions that affect the assets, liabilities, revenues and expenses, and other related amounts during the periods covered by the financial statements. Management routinely makes judgments and estimates about the effect of matters that are inherently uncertain. As the number of variables and assumptions affecting the future resolution of the uncertainties increases, these judgments become more subjective and complex. The Company has identified the following accounting policies as the most important to the presentation and disclosure of the financial condition and results of operations. Subsidiaries The Company has prepared the consolidated financial statements in accordance with IFRS 10 Consolidated Financial Statements. Subsidiaries Subsidiaries are all entities over which the Company has control. The Company controls an entity when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are deconsolidated from the date that control ceases. The acquisition method of accounting is used to account for De-SPAC transaction by the Company. The consideration transferred is measured at the fair values of the assets transferred, and identifiable assets acquired, and liabilities and contingent liabilities assumed in a De-SPAC transaction are measured initially at their fair values at the acquisition date. The Company recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net identifiable assets. All other non-controlling interests are measured at fair values, unless otherwise required by other standards. Acquisition-related costs are expensed as incurred. The excess of consideration transferred, amount of any non-controlling interest in the acquired entity and acquisition-date fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognized directly in the profit or loss as a bargain purchase. Intercompany transactions, balances and unrealized gains on intercompany transactions are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. The accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Company. Changes in ownership interests in subsidiaries without change of control Any differences between the amount of the adjustment to non-controlling interest that do not result in a loss of control and any consideration paid or received is recognized in a separate reserve within equity attributable to owners of the Controlling Company. Disposal of subsidiaries When the Company ceases to consolidate for a subsidiary because of a loss of control, any retained interest in the subsidiary is remeasured to its fair value with the change in carrying amount recognized in profit or loss. Associates Associates are entities over which the Company has significant influence but does not possess control or joint control. Investments in associates are accounted for using the equity method of accounting, after initially being recognized at cost. Unrealized gains on transactions between the Company and its associates are eliminated to the extent of the Company’s interest in the associates. If the Company’s share of losses of an associate equal or exceeds its interest in the associate (including long-term interests that, in substance, form part of the Company’s net investment in the associate), the Company discontinues recognizing its share of further losses. After the Company’s interest is reduced to zero, additional losses are provided for, and a liability is recognized, only to the extent that the Company has incurred legal or constructive obligations or made payments on behalf of the associate. If there is objective evidence of impairment for the investment in the associate, the Company recognizes the difference between the recoverable amount of the associate and its book amount as impairment loss. If an associate uses accounting policies other than those of the Company for transactions and events in similar circumstances, if necessary, adjustments shall be made to make the associate’s accounting policies conform to those of the Company when the associate’s financial statements are used by the Company in applying the equity method. Cash and cash equivalents Cash and cash equivalents include all cash balances and short-term highly liquid investments with an original maturity of three months or less that are readily convertible into known amounts of cash. Non-derivative financial assets Recognition and initial measurement Trade receivables and debt instruments issued are initially recognized when they are originated. All other financial assets are recognized in statement of financial position when, and only when, the Company becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) is initially measured at fair value plus, for an item not at Fair Value Through Profit or Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. Classification and subsequent measurement On initial recognition, a financial asset is classified as measured at: amortized cost; Fair Value through Other Comprehensive Income (FVOCI) - debt investment; FVOCI - equity investments; or FVTPL. Financial assets are not reclassified after their initial recognition unless the Company changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the subsequent reporting period following the change in the business model. A financial asset is measured as at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and - the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investment that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured as at FVTPL. This includes all derivative financial assets. At initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Derecognition The Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, it transfers the rights to receive the contractual cash flows of the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred, or it transfers or does not retain substantially all the risks and rewards of ownership of a transferred asset, and does not retain control of the transferred asset. If the Company has retained substantially all the risks and rewards of ownership of the transferred asset, the Company continues to recognize the transferred asset. Offset Financial assets and liabilities are offset, and the net amount is presented in the consolidated statement of financial position when, and only when, the Company has a legal right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. Trade Receivables Trade receivables are recognized initially at their transaction price, unless they contain significant financing components when they are recognized at fair value. If they contain significant financing components, trade receivables are subsequently measured at amortized cost using the effective interest method, less loss allowance. Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted- average method, except for inventories in-transit. Property, Plant and Equipment Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes an expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labor, any costs directly attributable to bringing the assets to a working condition for their intended use, the costs of dismantling and removing the items and restoring the site on which they are located and borrowing costs on qualifying assets. The gain or loss arising from the derecognition of an item of property, plant and equipment is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, and recognized in other income or other expenses. Subsequent costs Subsequent expenditure on an item of property, plant and equipment is recognized as part of its cost only if it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The costs of the day-to-day servicing of property, plant and equipment are recognized in profit or loss as incurred. Depreciation Land is not depreciated, and depreciation of other items of property, plant and equipment is recognized in profit or loss on a straight-line basis, reflecting the pattern in which the asset's future economic benefits are expected to be consumed by the Company. The residual value of property, plant and equipment is zero. Estimated useful lives of the assets are as follows: Items Estimated useful lives (years) Buildings and structures 40 Machinery 10 Others 5 Depreciation methods, useful lives and residual values are reviewed at each financial period-end and adjusted if appropriate and any changes are accounted for as changes in accounting estimates. Intangible Assets Intangible assets are initially measured at cost. Subsequently, intangible assets are measured at cost less accumulated amortization and accumulated impairment losses. Intangible assets are amortized in a straight-line method for five years with the residual value of zero from the time they are available. Subsequent costs Subsequent expenditures are capitalized only when they increase the future economic benefits embodied in the specific intangible asset to which they relate. All other expenditures, including expenditures on internally generated goodwill and brands, are recognized in profit or loss as incurred. Impairment for Non-financial assets The carrying amounts of the Company’s non-financial assets, other than assets arising from employee benefits, inventories, and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, irrespective of whether there is any indication of impairment, the recoverable amount is estimated each year. An impairment loss is recognized if the carrying amount of an asset exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. In respect of assets other than goodwill, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of accumulated depreciation or amortization, if no impairment loss had been recognized from the acquisition cost. An impairment loss in respect of goodwill is not reversed. Deferred Income Tax The Company’s taxable income generated from these operations are subject to income taxes based on tax laws and interpretations of tax authorities in numerous jurisdictions. There are many transactions and calculations for which the ultimate tax determination is uncertain. If certain portion of the taxable income is not used for investments or increase in wages or dividends in accordance with the Tax System for Recirculation of Corporate Income, the Company is liable to pay additional income tax calculated based on the tax laws. Accordingly, the measurement of current and deferred income tax is affected by the tax effects from the new tax system. As the Company’s income tax is dependent on the investments, as well as wage and dividends increase, there is an uncertainty measuring the final tax effects. Fair Value of Financial Instruments The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. The Company uses its judgment to select a variety of methods and make assumptions that are mainly based on market conditions existing at the end of each reporting period. Impairment of Financial Assets The provision for impairment for financial assets is based on assumptions about risk of default and expected loss rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation based on the Company’s history, existing market conditions as well as forward looking estimates at the end of each reporting period. Net Defined Benefit Liability The present value of net defined benefit liability depends on several factors that are determined on an actuarial basis using a number of assumptions including the discount rate. Non-derivative financial liabilities The Company classifies financial liabilities as financial liabilities at profit or loss and other financial liabilities according to the substance of the contract and the definition of financial liabilities and recognizes them in its statement of financial position when it becomes a party to the contract. Financial liabilities at profit or loss Financial liability at profit or loss includes a short-term trading financial liability or a financial liability designated as financial liability at profit or loss at initial recognition. A financial liability at profit or loss is measured at fair value after initial recognition and changes in fair value are recognized in profit or loss. On the other hand, transaction costs incurred in connection with the issuance at initial recognition are recognized in profit or loss immediately upon occurrence. Other financial liabilities Non-derivative financial liabilities that are not classified as financial liabilities at profit or loss are classified as other financial liabilities. Other financial liabilities are measured at fair value minus transaction costs directly related to issuance at initial recognition. Subsequently, other financial liabilities are measured at amortized cost using the effective interest method and interest expenses are recognized using the effective interest method. Financial liabilities are removed from the statement of financial position only when they are extinguished, i.e., contractual obligations are fulfilled, cancelled, or expired. Trade and other Payables These amounts represent liabilities for goods and services provided to the Company prior to the end of reporting period which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. Employee benefits Short-term employee benefits Short-term employee benefits that are due to be settled within twelve months after the end of the period in which the employees render the related service are recognized in profit or loss on an undiscounted basis. Defined benefit plan A defined benefit plan is a post-employment benefit plan other than defined contribution plans. The Company’s net obligation in respect of its defined benefit plan is calculated by estimating the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value. The fair value of any plan assets is deducted. The calculation is performed annually by an independent actuary using the projected unit credit method. The discount rate is the yield at the reporting date on high quality corporate bonds that have maturity dates approximating the terms of the Company’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The Company recognizes all actuarial gains and losses arising from defined benefit plans in retained earnings immediately. The Company determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability (asset), considering any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Consequently, the net interest on the net defined benefit liability (asset) now comprises interest cost on the defined benefit obligation, interest income on plan assets, and interest on the effect on the asset ceiling. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognized immediately in profit or loss. The Company recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs. Termination benefits The Company recognizes expense for termination benefits at the earlier of the date when the entity can no longer withdraw the offer of those benefits and when the entity recognizes costs for a restructuring involving the payment of termination benefits. If the termination benefits are not expected to be settled wholly before twelve months after the end of the annual reporting period, the Company measures the termination benefit with the present value of future cash payments. Share-based compensation Converted Options Where share options are awarded to Captivision Korea ’s employees, the fair value of the options at grant date is charged to the Statement of Profit and Loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options or warrants that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition. The fair value of the award also considers non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme). Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to the Statement of Profit and Loss over the remaining vesting period. Where equity instruments are granted to persons other than employees, the Statement of Profit and Loss is charged with fair value of goods and services received. When share options lapse, any amounts credited to the share-based payments reserve are released to the retained earnings reserve. RSRs (Restricted Stock Rights) RSRs are granted to Captivision Korea Founders (Houng Ki Kim and Ho Joon Lee). Estimating the fair value of RSRs requires a determination of the most appropriate valuation model, which depends on the terms and conditions of the RSRs. This estimate also requires determination of the most appropriate inputs to the valuation model including equity value, exercise price, volatility, dividend yield, risk free rate and exercise period and making assumptions about them. For the measurement of the fair value of RSRs at both the acquisition and the reporting date, the company uses a Monte Carlo simulation. The assumptions and models used for this estimation are disclosed in note 35. Warrants Warrants are classified as derivatives and are initially recognized at their fair value on the date of inception of the contract. The Company’s warrants are subsequently re-measured at each reporting date with changes in fair value recognized in profit or loss. As the fair value of the warrants fluctuate with movement in the underlying Captivision Inc. share price, these warrants are considered a derivative as a variable amount of cash will be settled on exercise. Provisions Provisions for product warranties, litigations and claims, and others are recognized when the Company presently hold legal or constructive obligation as a result of past events, and when it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and the increase in the provision due to the passage of time is recognized as interest expense. Leases The Company leases various repeater server racks, offices, communication line facilities, machinery, and cars. Contracts may contain both lease and non-lease components. The Company allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices. However, for leases of real estate for which the Company is lessee, the Company applies the practical expedient which has elected not to separate lease and non-lease components and instead accounts them as a single lease component. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: - Fixed payments (including in-substance fixed payments), less any lease incentives receivable - Variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date - Amounts expected to be payable by the Company (the lessee) under residual value guarantees - The exercise price of a purchase option if the Company (the lessee) is reasonably certain to exercise that option, and - Payments of penalties for terminating the lease, if the lease term reflects the Company (the lessee) exercising that option Measurement of lease liability also includes payments to be made in optional periods if the lessee is reasonably certain to exercise an option to extend the lease. The Company determines the lease term as the non-cancellable period of a lease, together with both (a) periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and (b) periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option. When the lessee and the lessor each has the right to terminate the lease without permission from the other party, the Company should consider a termination penalty in determining the period for which the contract is enforceable. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee’s incremental borrowing rate is used, which is the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions. The Company is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right-of-use assets are measured at cost comprising the following: - amount of the initial measurement of lease liability - any lease payments made at or before the commencement date less any lease incentives received - any initial direct costs (leasehold deposits) - restoration costs The right-of-use asset is depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. If the Company is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful life. Payments associated with short-term leases and leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less, such as mechanical devices and cars. Low-value assets are comprised of tools, equipment, and others. Paid-in Capital Common shares are classified as capital, and incremental costs incurred directly related to capital transactions are deducted from capital as a net amount reflecting tax effects. If the Company reacquires its own equity instruments, these equity instruments are deducted directly from equity as subjects of equity. Profit or loss in the case of purchasing, selling, issuing, or incinerating a self-interest product is not recognized in profit or loss. Revenue from contracts with customers The Company generates revenue primarily from sale and installation of LED display glasses. Product revenue is recognized when a customer obtains control over the Company’s products, which typically occurs upon delivery or completion of installation depending on the terms of the contracts with the customer. Finance Income Finance income comprises interest income on funds invested (including debt instruments measured at FVOCI), gains on disposal of debt instruments measured at FVOCI, and changes in fair value of financial assets at FVTPL. Interest income is recognized as it accrues in profit or loss, using the effective interest method. Income Tax Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that it relates to a De-SPAC transaction, or items recognized directly in equity or in other comprehensive income. Current tax Current tax comprises the expected tax payable or receivable on the taxable profit or loss for the year, using tax rates enacted or substantively enacted at the reporting date and any adjustment to tax payable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. The taxable profit is different from the accounting profit for the period since the taxable profit is calculated excluding the temporary differences, which will be taxable or deductible in determining taxable profit (tax loss) of future periods, and non-taxable or non-deductible items from the accounting profit. Deferred tax Deferred tax is recognized, using the asset and liability method, in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the deductible temporary differences, unused tax losses and unrecognized tax credit carryforwards can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and deferred tax assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. The Company recognizes a deferred tax liability for all taxable temporary differences associated with investments in subsidiaries, associates, and interests in joint ventures, except to the extent that the Company is able to control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that the differences relating to investments in subsidiaries, associates and joint ventures will reverse in

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Cash and cash equivalents	5. Cash and cash equivalents Cash and cash equivalents as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Cash and cash equivalent breakdown As of December 31, 2023 As of December 31, 2022 Cash 4,402 6,566 Current account 472,313 190,061 Total 476,715 196,627 There are no restricted financial instruments as of December 31, 2023, and December 31, 2022.

Financial Instruments by Catego

Financial Instruments by Categories	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Financial Instruments by categories	6. Financial Instruments by categories Financial Instruments as of December 31, 2023, by categories are as follows: (Unit: USD) As of December 31, 2023 Assets in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Cash and cash equivalents 476,715 — — 476,715 Trade receivables 4,176,766 — — 4,176,766 Other current financial assets 73,284 — — 73,284 Non-current financial assets — 107,862 — 107,862 Lease deposits 186,573 — — 186,573 Other deposits — — — — Total 4,913,338 107,862 — 5,021,200 (Unit: USD) As of December 31, 2023 Liabilities in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Trade payables 6,220,562 — — 6,220,562 Short-term borrowings 13,511,319 — — 13,511,319 Convertible Bonds(*) 1,961,792 — — 1,961,792 Current portion of long-term borrowings 1,620,136 — — 1,620,136 Current portion of lease liabilities 165,294 — — 165,294 Long-term borrowings 4,864,373 — — 4,864,373 Derivative warrant liabilities — — 2,018,349 2,018,349 Long-term lease liabilities 13,943 — — 13,943 Total 28,357,419 — 2,018,349 30,375,768 (*) On March 23, 2023, the Company issued a convertible bond (“CB”) to Charm Savings Bank in an aggregate principal amount of $ 1,931,203 , equivalent to KRW 2,500,000,000 . The CB accrues interest at an annual rate of 10 % and is due to mature on March 23, 2024 . On August 21, 2023, Charm Savings Bank and Bluming Innovation Co., Ltd (“Purchaser”) executed a convertible bond purchase agreement for the sale and transfer of a convertible bond with an aggregate principal amount of $ 1,931,203 , equivalent to KRW 2,500,000,000 to the Purchaser. Joon Soo Jeon and Daesun, Inc. purchased CB from Bluming Innovation for amounts of $ 1,004,226 , equivalent to KRW 1,300,000,000 and $ 926,977 , equivalent to KRW 1,200,000,000 on February 19 and April 1, 2024, respectively. As the maturity extended, Joon Soo Jeon and Daesun, Inc. are in discussion with the Company to convert the CB into common shares of the Company. Financial Instruments as of December 31, 2022, by categories are as follows: (Unit: USD) As of December 31, 2022 Assets in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Cash and cash equivalents 196,627 — — 196,627 Trade receivables 697,999 — — 697,999 Other current financial assets 1,035,930 — — 1,035,930 Non-current financial assets — 107,890 — 107,890 Lease deposits 207,825 — — 207,825 Other deposits 4,307,756 — — 4,307,756 Total 6,446,137 107,890 — 6,554,027 (Unit: USD) As of December 31, 2022 Liabilities in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Trade payables 7,184,181 — — 7,184,181 Short-term borrowings 11,863,506 — — 11,863,506 Current portion of long-term borrowings 2,001,142 — — 2,001,142 Current portion of lease liabilities 108,488 — — 108,488 Long-term borrowings 4,741,358 — — 4,741,358 Leasehold deposit received 69,836 — — 69,836 Long-term lease liabilities 24,694 — — 24,694 Total 25,993,205 — — 25,993,205

Trade Receivables

Trade Receivables	12 Months Ended
	Dec. 31, 2023
Trade receivables current and non current [abstract]
Trade receivables	7. Trade receivables Trade receivables as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 As of December 31, 2022 Classification Current Non-current Current Non-current Trade receivables 6,625,671 — 697,999 — Allowance for bad debts ( 2,448,905 ) — — — Net Trade receivables 4,176,766 — 697,999 — Korea continues to experience inflationary conditions, which, at times, has had a material impact on the global economy and specifically the construction industry, a sector where our main clients are located, throughout 2023. This economic environment has affected the Company’s financial position and performance, evidenced by various factors including, but not limited to, delayed, or cancelled contracts, inventory obsolescence, and challenges in the collection of existing receivables. Given the significant exposure to the construction industry and its challenges, the management decided to reassess the significant accounting estimates and assumptions applied in the preparation of the consolidated financial statements. During 2022, the Company directly wrote off uncollectible receivables, resulting in no allowance for doubtful accounts being recorded. However, for current year, the Company has revised its approach by establishing an allowance for doubtful accounts based on historical bad debt rates.

Other Current Financial Assets

Other Current Financial Assets	12 Months Ended
	Dec. 31, 2023
Categories of current financial assets [abstract]
Other current financial assets	8. Other current financial assets Other current financial assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Net, Short-term loan — 639,491 Short-term loan 386,241 639,491 Allowance for bad debts (*) ( 386,241 ) — Accrued income 1,840 76,649 Net, Outstanding amount (Receivables) 71,444 319,790 Outstanding amount (Receivables) 4,163,001 319,790 Allowance for bad debts (**) ( 4,091,557 ) — Total 73,284 1,035,930 (*) As of December 31, 2023, the Company has an outstanding borrowing receivable amounting to USD 386,241 extended to individual, Dongmin Kim. Despite efforts to collect, communication with Dongmin Kim has been unsuccessful, leading to concerns about the recoverability of this borrowing. Given the lack of response and the diminished likelihood of collection, the Company has determined it prudent to recognize a full allowance for doubtful accounts for the entire outstanding balance of USD 386,241 . (**) On February 9, 2023, the Company entered into an agreement with BioX to transfer ownership of assets valued at USD 4,091,557 related to deposits receivable from Trinit Co., Ltd. (subsequently renamed Yongsan Holdings Co., Ltd.). The Company has recognized a full allowance for doubtful accounts on the entire outstanding balance of USD 4,091,557 as it is doubtful that BioX will collect the deposit from Yongsan Holdings Co., Ltd.

Prepayments and Other Short-ter

Prepayments and Other Short-term Assets	12 Months Ended
	Dec. 31, 2023
Prepayments and accrued income including contract assets [abstract]
Prepayments and other short-term assets	9. Prepayments and other short-term assets Prepayments and other short-term assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Net, Advanced payments 779,219 1,503,365 Advanced payments 1,211,891 1,503,365 Allowance for bad debts (*) ( 432,672 ) — Prepaid expenses 390,176 17,552 Total 1,169,395 1,520,917 (*) During the assessment, the management identified that USD 432,672 of advance payment in relation to raw material purchase has been aged over a year without significant movement in the balance as of December 31, 2023. Consequently, the Company has determined to recognize an allowance for doubtful on the balance of USD 432,672 as of December 31, 2023.

Investments Accounted for using

Investments Accounted for using the Equity Method	12 Months Ended
	Dec. 31, 2023
Investments accounted for using equity method [abstract]
Investments accounted for using the equity method	12. Investments accounted for using the equity method. Investment accounted for using the equity method as of December 31, 2023, and December 31, 2022, are as follows: As of December 31, 2023 Classification Company Captivision G-FRAME stake holding ratio Location Financial statement date Business type Chenjin chungjeolneung Ltd. 33.00 % 0.00 % China 2023.12.31 Manufacturing Associates G-SMATT JAPAN 28.73 % 11.43 % Japan 2023.12.31 Retail G-SMATT HONGKONG 20.00 % 7.40 % Hongkong 2023.12.31 Retail As of December 31, 2022 Classification Company Captivision G-FRAME stake holding ratio Location Financial statement date Business type Chenjin chungjeolneung Ltd. 33.00 % — China 2022.12.31 Manufacturing Associates G-SMATT JAPAN 28.73 % 11.43 % Japan 2022.12.31 Retail G-SMATT HONGKONG 20.00 % 7.40 % Hongkong 2022.12.31 Retail Summary financial statements for associates are follows: As of December 31, 2023 Classification Company Assets Liabilities Sales Net income (loss) Comprehensive income Chenjin chungjeolneung Ltd. 26,554,391 32,011,592 — ( 284,857 ) ( 284,857 ) Associates G-SMATT JAPAN 12,112,804 6,686,081 6,006,248 1,093,101 1,093,101 G-SMATT HONGKONG 283,826 4,821,947 — ( 1,121,665 ) ( 1,121,665 ) (Unit: USD) As of December 31, 2022 Classification Company Assets Liabilities Sales Net income (loss) Comprehensive income Chenjin chungjeolneung Ltd. 27,316,845 32,703,114 25,508 ( 1,916,458 ) ( 1,916,458 ) Associates G-SMATT JAPAN 10,649,564 5,831,552 5,333,686 ( 260,617 ) ( 250,773 ) G-SMATT HONGKONG 377,895 3,832,029 — ( 317,048 ) ( 317,048 ) The management determined to fully impair the remaining balance of its equity method investment in G-SMATT Japan as of December 31, 2023. This decision was derived from the substantial net loss sustained by G-SMATT Japan in 2022 and 2021, combined with concerns regarding the reliability of the financial information, given that G-SMATT Japan’s financial statements have not been audited in the past. Consequently, management does not foresee any prospects for future economic recovery from this investment. (Unit: USD) As of December 31, 2023 Company Net asset (a) Stake holding ratio (b) Net asset applied to stake holding ratio (a*b) Goodwill Book value Chenjin chungjeolneung Ltd. ( 5,457,201 ) 33.00 % — — — G-SMATT JAPAN 5,426,723 40.16 % — — — G-SMATT HONGKONG ( 4,538,121 ) 27.40 % — — — Total — (Unit: USD) As of December 31, 2022 Company Net asset (a) Stake holding ratio (b) Net asset applied to stake holding ratio (a*b) Goodwill Book value Chenjin chungjeolneung Ltd. ( 5,326,269 ) 33.00 % — — — G-SMATT JAPAN 4,818,011 40.16 % 1,934,913 842,603 2,777,515 G-SMATT HONGKONG ( 3,454,134 ) 27.40 % — — — Total 2,777,515

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Classes of current inventories [abstract]
Inventories	10. Inventories Inventories as of December 31, 2023, are as follows: (Unit: USD) As of December 31, 2023 Classification Acquisition cost Provision for valuation of inventory Book value Products 3,234,508 — 3,234,508 Raw material 1,729,744 ( 218,321 ) 1,511,423 Total 4,964,252 ( 218,321 ) 4,745,931 Inventories as of December 31, 2022, are as follows: (Unit: USD) As of December 31, 2022 Classification Acquisition cost Provision for valuation of inventory Book value Products 4,671,074 — 4,671,074 Raw material 1,246,042 ( 202,764 ) 1,043,278 Total 5,917,116 ( 202,764 ) 5,714,352 In 2022, the Company wrote off USD 4,922,600 of G-SMATT America’s inventory which were held for more than two years and considered as obsolete. The remaining balance of G-SMATT America inventory as of December 31, 2023, and December 31, 2022, was USD 0 and USD 170,603 , respectively.

Non-current financial assets

Non-current financial assets	12 Months Ended
	Dec. 31, 2023
Disclosure of financial assets [abstract]
Non-current financial assets	11. Non-current financial assets Non-current financial assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Fair value of membership in Construction Association of Republic of Korea 107,862 107,890 Total 107,862 107,890 (Unit: USD) As of December 31, 2023 As of December 31, 2022 Beginning balance 107,890 114,520 Revaluation (after corporate income tax) 2,688 — Disposition — — Foreign currency translation differences for foreign operations ( 2,716 ) ( 6,630 ) Endling balance 107,862 107,890

Tangible Assets

Tangible Assets	12 Months Ended
	Dec. 31, 2023
Property, plant and equipment [abstract]
Tangible assets	13. Tangible assets Property, plant and equipment as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Disposal Depreciation Impairments Others (*) Ending Lands 5,449,778 — — — — ( 137,200 ) 5,312,578 Buildings 3,214,244 — — ( 122,017 ) — ( 82,036 ) 3,010,192 Structures 9,974 — — ( 596 ) — ( 258 ) 9,121 Machineries 2,085,058 173,609 — ( 316,424 ) ( 19,004 ) ( 53,326 ) 1,869,913 Vehicles 16,111 — ( 1 ) ( 3,612 ) — ( 439 ) 12,059 Tools 12,786 — — ( 12,373 ) — ( 181 ) 232 Furniture 67,591 17,606 — ( 37,222 ) — ( 3,109 ) 44,867 Facilities 64,781 — — ( 19,751 ) — ( 1,812 ) 43,218 ROU assets 134,847 298,077 ( 1,589 ) ( 244,122 ) — ( 2,915 ) 184,298 Total 11,055,170 489,292 ( 1,590 ) ( 756,117 ) ( 19,004 ) ( 281,273 ) 10,486,478 (*) Others are due to differences in foreign currency translations associated with overseas subsidiaries. (Unit: USD) As of December 31, 2022 Classification Beginning Acquisition Addition from acquisition Depreciation Disposal Others (*) Ending Lands 4,543,328 3,233,219 — — ( 2,090,933 ) ( 235,836 ) 5,449,778 Buildings 7,343,309 2,152,654 — ( 234,555 ) ( 5,535,877 ) ( 511,287 ) 3,214,244 Structures 448,653 — — ( 11,520 ) ( 391,586 ) ( 35,573 ) 9,974 Machineries 2,972,429 1,179,928 — ( 643,617 ) ( 1,234,535 ) ( 189,147 ) 2,085,058 Vehicles 2,328 18,262 — ( 4,667 ) — 188 16,111 Tools 20,874 — 23,268 ( 15,195 ) ( 1 ) ( 16,160 ) 12,786 Furniture 45,287 21,672 116,985 ( 25,217 ) — ( 91,136 ) 67,591 Facilities 273,904 — — ( 187,572 ) ( 1,198 ) ( 20,353 ) 64,781 ROU assets 359,543 24,525 — ( 223,981 ) — ( 25,240 ) 134,847 Total 16,009,655 6,630,260 140,253 ( 1,346,324 ) ( 9,254,130 ) ( 1,124,544 ) 11,055,170 (*) Others are due to differences in foreign currency translations associated with overseas subsidiaries.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Intangible assets	14. Intangible assets Intangible assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Disposal Amortization Impairment Difference in Foreign currency translation Ending Industrial rights 59,339 — ( 1,912 ) ( 22,252 ) ( 1,715 ) 33,460 Software 134,639 15,309 — ( 85,550 ) ( 4,033 ) 60,365 Trademark 27 — — ( 19 ) ( 1 ) 7 Distribution rights (*) 5,845,516 — — ( 1,739,537 ) ( 4,070,331 ) ( 35,648 ) — Total 6,039,521 15,309 ( 1,912 ) ( 1,847,358 ) ( 4,070,331 ) ( 41,397 ) 93,832 (Unit: USD) As of December 31, 2022 Classification Beginning Addition from acquisition Amortization Impairment Difference in Foreign currency translation Ending Industrial rights 94,276 — ( 28,793 ) — ( 6,144 ) 59,339 Software 251,108 — ( 99,561 ) — ( 16,908 ) 134,639 Trademark 399 — ( 341 ) — ( 31 ) 27 Distribution rights (*) 3,903,251 3,540,675 (*) ( 1,309,611 ) — ( 288,799 ) 5,845,516 Total 4,249,034 3,540,675 ( 1,438,306 ) — ( 311,882 ) 6,039,521 (*) Distribution rights added from consolidation of G-Smatt America Distribution Rights Captivision Korea On July 31, 2015, Captivision Korea granted exclusive distribution rights for Captivision Korea’s products for 10 years to G-SMATT Global, a former related party of Captivision Korea. Captivision Korea received USD 8,571,404 from G-SMATT Global as consideration for granting exclusive distribution rights. Per the agreement, if G-SMATT Global regrants this distribution rights to another party, Captivision Korea is subject to receive 50 % of the consideration received from another party for regranting the distribution rights. On March 7, 2019, the agreement between Captivision Korea and G-SMATT Global was amended so that Captivision Korea can distribute the Company’s products. As a result, Captivision Korea acquired 50 % of the consideration received from G-SMATT Global in connection with the original agreement made on July 31, 2015, for this distribution right as intangible assets. The amount paid to G-SMAAT is being amortized by the Company using the straight-line method over the remaining period of the original contract term. In 2022, the Company received a valuation on USD 1,593,310 of Captivision Korea’s distribution right by third party, and it was concluded that the recoverable amount exceeded the book balance as of December 31, 2022. However, after 2022, the management held an internal discussion and determined that there is no foreseeable potential for future benefits from this asset. Consequently, management decided to write off the remaining balance of the exclusive distribution rights as of December 31, 2023, following an assessment that determined its value-in-use to be zero. G-SMATT America On June 15, 2016, exclusive distribution and license agreement was made for 10 years between G-SMATT Global, a former related party of Captivision Korea, and G-SMATT America. Per the agreement, in consideration for the exclusive territorial distribution rights and license granted to, G-SMATT America paid a one-off, non-refundable royalty fee of USD 8,571,404 . Per the exclusive distribution right agreement made between Captivision Korea and G-SMATT Global, though, 50 % of the consideration received when regranting the exclusive distribution right to another party should be paid to Captivision Korea. Accordingly, 50 % of the consideration received from G-SMATT America was paid to Captivision Korea by G-SMATT Global after finalizing the exclusive distribution contract with G-SMATT America. In 2022, the Company received a valuation on USD 3,120,320 of G-SMATT America’s distribution right by third party, and it was concluded that the recoverable amount exceeded the book balance as of December 31, 2022. However, since this assessment, management held internal discussion and determined that there’s no foreseeable potential for future benefits from this asset. Consequently, management decided to write off the remaining balance of the exclusive distribution rights as of December 31, 2023, following an assessment that determined its value-in-use to be zero. G-SMATT Europe On March 27, 2017, G-SMATT Global and G-SMATT Europe made exclusive distribution and license agreements for an initial term of 10 years. For the exclusive territorial distribution rights and license granted, G-SMATT Europe paid USD 2,762,760 , and it is being amortized using the straight-line method over a useful life of 10 years . As in the case when exclusive distribution contract made with G-SMATT America, 50 % of the consideration received from G-SMATT Europe was paid by G-SMATT Global to Captivision Korea, accordingly. In 2022, the Company received a valuation on USD 1,131,886 of G-SMATT Europe’s distribution right by a third party, and it was concluded that the recoverable amount exceeded the book balance as of December 31, 2022. However, since this assessment, management held internal discussions and determined that there’s no foreseeable potential for future benefits from this asset. Consequently, management decided to write off the remaining balance of the exclusive distribution rights as of December 31, 2023, following an assessment that determined its value-in-use to be zero.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposit [abstract]
Deposits	15. Deposits Other non-current assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Leasehold deposits, net (*) 186,573 207,825 Other deposits (**) — 4,307,756 Total 186,573 4,515,581 (*) Related to the lease deposit paid for the office, warehouse, employees’ dormitory, and corporate leased vehicle. (**) As of December 31, 2022, other deposits are entirely composed of escrowed deposit related to Trinit Co., Ltd. (“Trinit”, subsequently changed its name to Yongsan Holdings Co., Ltd.) in conjunction with disposal of “G-SMATT Global Co., Ltd.” in 2019. On February 9, 2023, the Company entered into an agreement with BioX to transfer its ownership of the assets related to Trinit (subsequently renamed Yongsan Holdings Co., Ltd.). The Company has recognized a full allowance for doubtful accounts on the entire outstanding balance of USD 4,091,557 as it is doubtful that BioX will collect the deposit from Yongsan Holdings Co., Ltd.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Presentation of leases for lessee [abstract]
Leases	16. Leases Changes in Right-of-Use assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Depreciation Change in contract Contract termination Loss from translating foreign operations Ending Buildings 104,083 276,290 ( 217,724 ) — ( 1,589 ) ( 2,098 ) 158,962 Vehicles 30,764 21,787 ( 26,398 ) — — ( 817 ) 25,336 Total 134,847 298,077 ( 244,122 ) — ( 1,589 ) ( 2,915 ) 184,298 (Unit: USD) As of December 31, 2022 Classification Beginning Acquisition Depreciation Change in contract Contract termination Loss from translating foreign operations Ending Buildings 304,063 24,525 ( 202,977 ) 6,612 ( 6,425 ) ( 21,715 ) 104,083 Vehicles 55,480 — ( 21,004 ) — — ( 3,712 ) 30,764 Total 359,543 24,525 ( 223,981 ) 6,612 ( 6,425 ) ( 25,427 ) 134,847 Changes in lease liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Interest Payments Change in contract Contract termination Loss from transacting foreign operations Ending Liabilities 133,182 281,854 16,033 ( 247,419 ) — ( 1,510 ) ( 2,903 ) 179,237 (Unit: USD) As of December 31, 2022 Classification Beginning Acquisition Interest Payments Change in contract Contract termination Loss from transacting foreign operations Ending Liabilities 350,973 21,801 15,601 ( 231,156 ) 6,305 ( 5,555 ) ( 24,787 ) 133,182 Amount recognized of profit or loss in relation to the lease is as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Right-of-Use assets Buildings 217,724 202,977 Vehicles 26,398 21,004 Subtotal 244,122 223,981 Interest expense relating to lease liabilities 16,033 15,601 Expense relating to leases of low-value assets that are not short-term leases 23,011 16,572 Expense relating to short-term leases 276,400 117,784 Miscellaneous loss (profit) ( 90 ) ( 54 ) Subtotal 315,354 149,903 Total 559,476 373,884 The total cash payments for leases for the twelve months ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Repayments of lease (Cash Flow) 247,419 231,156 Expense relating to leases of low-value assets that are not short-term leases 23,011 16,572 Expense relating to short-term leases 276,400 117,784 Total Cash payments for leases 546,830 365,512

Product Warranty Provision

Product Warranty Provision	12 Months Ended
	Dec. 31, 2023
Warranty provision [abstract]
Product warranty provision	20. Product warranty provision The Company provides maximum of two years of warranty for all products. The amount of product warranty provision as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Product warranty provision 30,957 36,099 Total 30,957 36,099

Insured Assets

Insured Assets	12 Months Ended
	Dec. 31, 2023
Insurance assets [abstract]
Insured assets	17. Insured assets Insured assets as of December 31, 2023, are as follows: (Unit: USD) Insurance Insured assets Insured amount Notes Package Insurance Buildings, machineries, inventories etc. 15,604,119 Meritz fire Fire insurance Buildings, machineries, inventories etc. 2,667,686 Meritz fire Car insurance Cars 19,235 Hyundai insurance, etc. Total 18,291,040 Insured assets as of December 31, 2022, are as follows: (Unit: USD) Insurance Insured assets Insured amount Notes Package Insurance Buildings, machineries, inventories etc. 16,007,100 Hyundai insurance Fire insurance Buildings, machineries, inventories etc. 2,736,579 Meritz fire Car insurance Cars 22,457 Hyundai insurance Total 18,766,136 In addition to the above insurance, the Company subscribes to industrial accident insurance for employees, comprehensive insurance for vehicle transportation equipment, and liability insurance.

Other Current Payables and Liab

Other Current Payables and Liabilities	12 Months Ended
	Dec. 31, 2023
Other current payables and liabilities [abstract]
Other current payables and liabilities	18. Other current payables and liabilities Other payables as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Non-trade Payables (*) 25,324,072 4,132,680 Accrued Expense 1,518,801 1,558,085 Total 26,842,873 5,690,765 (*) As of December 31, 2023, the balance of non-trade payables primarily consists of USD 17,361,197 of legal and other professional fees incurred in preparation for and execution of the De-SPAC transaction, which are non-recurring. The Company has entered into deferred fee agreements ("DFA") with numerous transaction advisors to spread payments over two years. The current balance represents 50 % of the total deferred fee payables. Other current liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Withholdings 21,184 15,086 Value added tax withheld 207,310 208,186 Advance Received 746,417 576,299 Total 974,911 799,571

Other Non-current Payables and

Other Non-current Payables and Liabilities	12 Months Ended
	Dec. 31, 2023
Disclosure of other non-current payables and liabilities [abstract]
Other Non-current payables and liabilities	19. Other Non-current payables and liabilities Other non-current payables as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Long-term Accounts Payable (*) 7,838,339 32,062 (Present Value Discount) — ( 236 ) Total 7,838,339 31,826 (*) As of December 31, 2023, the balance of long-term accounts payable entirely consists of professional fees incurred in preparation for and execution of the De-SPAC transaction, which are non-recurring. Other non-current liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Long-term Leasehold Deposits Received — 69,836 Total — 69,836

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Borrowing costs [abstract]
Borrowings	21. Borrowings Borrowings as of December 31, 2023, are as follows: (Unit: USD) Type of borrowing Borrowing from Interest rate As of December 31, 2023 Short-term borrowings SBI Savings Bank 9.37 % 672,059 KEB Hana Bank 5.59 % 1,158,722 Whale Investment 8.00 % 3,476,165 Samsung Securities Co., Ltd 6.0 % 619,916 Powergen 11.0 % 749,307 Ulmus-Solon Technology Investment Partnership 6.00 % 247,966 Yu Ha Asset 12.00 % 772,481 William Isam Company 4.00 % 190,632 BioX 5.0 % 314,846 Others 1 %~ 36 % 5,309,225 Subtotal 13,511,319 Current portion of long-term liabilities United asset management Ltd. 6 ~ 7.38 % 1,620,136 Convertible bond Charm Savings Bank 10.0 % 1,961,792 Long-term Borrowings KEB Hana Bank 5.90 % 4,248,646 Others 2.5 ~ 5 % 615,727 Subtotal 4,864,373 Total 21,957,620 (*) On August 21, 2023, Charm Savings Bank and Bluming Innovation Co., Ltd (“Purchaser”) executed a convertible bond purchase agreement for the sale and transfer of a convertible bond with an aggregate principal amount of $ 1,931,203 , equivalent to KRW 2,500,000,000 to the Purchaser. Joon Soo Jeon and Daesun, Inc. purchased CB from Bluming Innovation for amounts of $ 1,004,226 , equivalent to KRW 1,300,000,000 and $ 926,977 , equivalent to KRW 1,200,000,000 on February 19 and April 1, 2024, respectively. As the maturity extended, Joon Soo Jeon and Daesun, Inc. are in discussion with the Company to convert the CB into common shares of the Company. Borrowings as of December 31, 2022, are as follows: (Unit: USD) Type of borrowing Borrowing from Interest rate As of December 31, 2022 Short-term borrowings Whale No.1 M&A Private Equity Joint Venture for Small and Medium Enterprises 8.00 % 3,565,938 Medium Enterprises Samsung Securities Co., Ltd. 6.00 % 635,926 Ulmus-Solon Technology Investment Partnership 6.00 % 254,370 6.00 % 132,177 Han Partners 6.00 % 82,611 6.00 % 66,089 6.00 % 8,262 Kookmin Bank 8.15 % 285,275 8.15 % 633,945 Sung Soo Lee 7.90 % 2,377,292 SBI savings bank 7.38 % 729,036 William Isam Company 4.00 % 189,407 Others 5.00 % 2,903,178 Subtotal 11,863,506 Current portion of long-term liabilities United asset management Ltd. 6 ~ 7.38 % 2,001,142 Long-term Borrowings MG Saemaul Credit Union (Sannam) 9.00 % 3,565,938 MG Saemaul Credit Union (Sannam) 8.70 % 792,431 Others 2.50 % 45,397 Others 5.00 % 337,592 Subtotal 4,741,358 Total 18,606,006

Pension and Other Employee Obli

Pension and Other Employee Obligations	12 Months Ended
	Dec. 31, 2023
Disclosure of performance obligations [abstract]
Pension and other employee obligations	22. Pension and other employee obligations Defined benefit liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of As of Present value of defined benefit obligations 1,942,451 1,459,979 Fair value of plan assets ( 116,768 ) ( 118,121 ) Net defined benefit obligations 1,825,683 1,341,858 The details of changes in the defined benefit obligation are as follows: (Unit: USD) Classification As of As of Beginning 1,459,979 1,174,807 Current service cost 394,636 286,420 Re-measurement element - Actuarial gain due to changes in financial assumptions 279,938 360,625 Payment made ( 157,519 ) ( 293,684 ) Foreign currency translation differences for foreign operations ( 34,583 ) ( 68,189 ) Ending 1,942,451 1,459,979 The details of changes in the planned assets are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Beginning 118,121 123,845 Re-measurement Element - Gain from plan assets 6,455 3,287 - Actuarial gain due to changes in financial assumptions ( 4,894 ) ( 1,919 ) Foreign currency translation differences for foreign operations ( 2,914 ) ( 7,092 ) Ending 116,768 118,121 The details of the composition of planned assets are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Deposit 116,768 118,121 The details of major actuarial assumptions are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Expected salary increase rate 4,50 % 4,50 % Discount rate 4.32 % 5.18 %

Share Capital

Share Capital	12 Months Ended
	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
Disclosure of share capital, reserves and other equity interest [text block]	23. Share capital Share capital as of December 31, 2023, is as follows: As of December 31, 2023 Number of ordinary Share capital Classification shares $ Inception, February 24, 2023 – par value $ 0.0001 1 0 Cancellation of treasury shares ( 1 ) ( 0 ) Shares issued in merger with JGGC 11,870,336 1,187 Shares issued in exchange for Captivision Korea 17,109,492 1,711 December 31, 2023 – par value $ 0.0001 28,979,82 8 2,898

Other Capital Items and Accumul

Other Capital Items and Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2023
Other capital items and accumulated other comprehensive income [abstract]
Other capital items and accumulated other comprehensive income	24. Other capital items and accumulated other comprehensive income. Details of other capital items and accumulated other comprehensive income as of December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 As of December 31, 2021 Changes in equity from equity method ( 353,543 ) ( 353,543 ) 6,796 Stock options 4,830,518 2,297,697 1,609,809 Treasury stock (*) ( 568,467 ) — — Gains on sale of treasury stock ( 410,453 ) ( 410,453 ) 836,922 Consideration for conversion rights 98,951 — — Other capital surplus ( 51,043 ) ( 51,043 ) ( 57,795 ) Total 3,545,963 1,482,658 2,395,732 (*) The treasury stock pertains to shares repurchased by the Company from Captivision Korea shareholders who opted for redemption in connection with the De-SPAC transaction. The composition of accumulated other comprehensive income as of December 31, 2023, and 2022 are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Increase Re-classification into profit and loss Ending Gain from FVOCI — 2,688 2,688 Exchange difference on translating foreign operations 1,933,924 ( 1,184,069 ) 749,855 Total 1,933,924 ( 1,181,381 ) — 752,543 (Unit: USD) As of December 31, 2022 Classification Beginning Increase Re-classification into profit and loss Ending Exchange difference on translating foreign operations 1,304,641 629,283 — 1,933,924 Total 1,304,641 629,283 — 1,933,924 (Unit: USD) As of December 31, 2021 Classification Beginning Increase Re-classification Ending Gain or loss from FVOCI ( 2,268,168 ) ( 115,808 ) 2,383,976 — Exchange difference on translating foreign operations ( 22,641 ) 1,327,282 — 1,304,641 Total ( 2,290,809 ) 1,211,474 2,383,976 1,304,641

Selling and Administrative Expe

Selling and Administrative Expenses	12 Months Ended
	Dec. 31, 2023
Selling, general and administrative expense [abstract]
Selling and administrative expenses	25. Selling and administrative expenses Details of selling and administrative expenses for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Salaries 2,348,048 2,124,171 2,712,236 Sundry allowances 110,106 91,199 79,529 Miscellaneous salaries — 9,288 11,894 Severance benefit 198,097 158,813 228,936 Employee benefits 276,654 252,445 241,410 Travel expenses 314,736 268,660 209,412 Entertainment expenses 75,260 37,393 34,537 Communication expenses 22,156 14,593 17,502 Utilities 7,285 18,398 9,626 Electricity 64,427 52,249 46,764 Taxes and dues 120,438 121,199 274,993 Depreciation 303,608 411,596 479,139 Rent 363,459 195,134 71,008 Repairing cost 10,939 106,354 6,755 Insurance 212,261 27,816 33,332 Vehicle maintenance 11,313 4,574 10,797 Research and development expenses 750,309 300,486 927,206 Transportation 183,664 308,279 156,697 Training 828 12 2,240 Publication expenses 17,772 17,819 10,934 Packing charge — — 8,568 Office supplies 26,475 26,043 12,496 Consumable supplies 37,747 39,790 25,353 Commission 1,093,270 484,107 514,879 Professional fee 1,907,205 1,358,068 3,191,779 Advertisement expense 349,661 225,067 70,549 Export expense — — 7,149 Bad debt expenses 2,427,642 46,005 15,586,247 Product warranty expense 29,637 5,503 33,573 Miscellaneous expense 7,788 19,116 20,370 Amortization 1,750,177 1,412,799 1,046,403 Employee share compensation Cost 2,532,821 687,888 277,638 Safety — 2,755 3,844 Total 15,553,783 8,827,619 26,363,795

Finance Income and Finance Cost

Finance Income and Finance Costs	12 Months Ended
	Dec. 31, 2023
Disclosure of finance income and finance costs [abstract]
Finance income and finance costs	26. Finance income and finance costs Details of finance income for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Interest Income 13,643 39,966 202,432 Gain from foreign currency transactions 41,881 38,952 33,517 Gain from disposal of non-current financial assets — — 75,821 Gain from foreign currency translation(*) 78,600 74,596 110,252 Gain from discharge of indebtedness (**) — 4,079,520 3,694,237 Total 134,124 4,233,034 4,116,259 (*) Gain from foreign currency translation represents the increase in the value of foreign-denominated assets or liabilities when translated into the reporting currency due to change in exchange rates. (**) Gain from discharge of indebtedness was recognized from conversion of convertible bonds to equity which occurred in 2021 and 2022. Details of finance costs for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Interest expense 2,466,238 919,446 1,876,001 Loss from foreign currency transactions 24,667 68,204 41,865 Loss from foreign currency translation (*) 127,190 133,181 78,570 Loss from valuation of CB 103,342 — — Change in fair value of derivative warrant liabilities 504,587 — — Total 3,226,024 1,120,831 1,996,436 (*) Loss from foreign currency translation represents the decrease in the value of foreign-denominated assets or liabilities when translated into the reporting currency due to change in exchange rates.

Other Income and Other Expenses

Other Income and Other Expenses	12 Months Ended
	Dec. 31, 2023
Other income and other expenses [abstract]
Other Income and Other Expenses	27. Other income and other expenses Details of other income for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Gain from equity method — — ( 171,147 ) Income from disposal of tangible assets 4,682 — 7,202 Reversal of allowance for bad debts 136,111 — 753,200 Miscellaneous income (*) 57,158 5,197,964 — Dividend income 827 1,839 — Total 198,778 5,199,803 589,255 (*) The amount for the year ended 2022 includes USD 5,144,961 of recognition of gain from goods returned from previous year’s sales. Details of other expenses for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Impairment loss from tangible Assets 19,004 — — Impairment loss from Intangible Assets 4,070,331 3,902,589 564,563 Loss from disposal of tangible assets — 3,246,343 1,518,115 Loss from disposal of intangible assets 1,912 — — Loss from disposal of investment in subsidiaries — — 13,318,419 Impairment loss from equity method investment 2,683,019 — — Loss from equity method investment — 535,268 — Loss from inventory impairment 214,378 5,645,992 8,415,311 Miscellaneous loss 440,332 1,364,824 5,267,980 Nasdaq Listing Expense 26,884,034 — — Reverse Acquisition Expense 18,736,326 — — Other allowance for other receivables and prepayments 4,865,907 436,674 10,127,381 Donation 37,508 37,926 — Total 57,952,751 15,169,616 39,211,769

Corporate Income Tax Expenses (

Corporate Income Tax Expenses (Benefit)	12 Months Ended
	Dec. 31, 2023
Major components of tax expense (income) [abstract]
Corporate income tax expenses (benefit)	28. Corporate income tax expenses (benefit) Details of corporate income tax expense (benefit) for the year ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Corporate tax paid(refund) ( 678 ) — Changes in deferred tax due to temporary differences — ( 1,031,269 ) Corporate tax expense directly reflected in capital — 171,218 Others (*) 2,861,757 ( 651,645 ) Income tax expense (benefit) 2,861,079 ( 1,511,696 ) (*) The Company has elected not to recognize deferred tax assets due to the determination that it was improbable that taxable profit could be generated to offset the deductible temporary differences. Consequently, the amounts of deferred tax assets previously recognized have been recognized as corporate tax expense in the year 2023. The details of the increase or decrease in temporary differences deducted or added from future corporate income tax for the year ended December 31, 2023 and 2022, are as follows: (Unit: USD) For the year ended 2023 Temporary differences to be deducted (additional) for the current year Deferred tax Classification Beginning Inc (Dec) Ending assets (liabilities) Loss on foreign currency translation 136,353 ( 136,353 ) — — Gain from foreign currency translation ( 65,353 ) 65,353 — — Provision for retirement benefits 1,315,937 374,037 1,689,974 353,205 Retirement pension assets ( 118,121 ) 1,353 ( 116,768 ) ( 24,405 ) Accumulated depreciation_1 1,195,828 ( 30,105 ) 1,165,723 243,636 Accumulated depreciation (revaluation) — — — — Machineries (revaluation) — — — — Land (revaluation) — — — — Accumulated depreciation_2 503,178 ( 12,668 ) 490,510 102,517 Investment in subsidiaries and associates 43,979,927 2,361,469 46,341,396 9,685,352 Available-for-sale ( 192,349 ) 4,842 ( 187,507 ) ( 39,189 ) Revaluation of non-current financial asset 30,139 ( 759 ) 29,380 6,140 Capital change from equity method 575,352 ( 14,485 ) 560,867 117,221 Raw material allowance 196,385 12,449 208,834 43,646 Provision for warranties 36,099 ( 5,142 ) 30,957 6,470 Trade receivables 3,397,671 ( 3,397,671 ) — — Short-term borrowings 6,407,370 ( 6,407,370 ) — — Other receivables 420,117 ( 420,117 ) — — Accrued income 335,158 ( 578,899 ) ( 243,741 ) ( 50,942 ) Advanced payment 149,420 ( 149,420 ) — — Loss on equity method investment impairment 2,187,346 1,879,361 4,066,707 849,942 Lease liabilities 122,962 38,624 161,586 33,771 Rent deposits 7,483 1,754 9,237 1,931 Right of use assets ( 124,051 ) ( 41,120 ) ( 165,171 ) ( 34,521 ) Bad debt — 7,204,865 7,204,865 1,505,817 Net operating loss 20,173,446 ( 7,204,865 ) 12,968,581 2,710,433 Gain from equity method — ( 3,315,592 ) ( 3,315,592 ) ( 692,959 ) Convertible bond — 30,589 30,589 6,393 Total 80,670,297 ( 9,739,870 ) 70,930,427 14,824,458 Valuation allowance ( 14,824,458 ) Deferred tax asset, net — (Unit: USD) For the year ended 2022 Temporary differences to be deducted (additional) for the current year Deferred tax Classification Beginning Inc (Dec) Ending assets (liabilities) Loss on foreign currency translation 75,676 60,677 136,353 28,498 Gain from foreign currency translation ( 423,358 ) 358,005 ( 65,353 ) ( 13,659 ) Provision for retirement benefits 950,940 364,997 1,315,937 275,031 Retirement pension assets ( 123,845 ) 5,724 ( 118,121 ) ( 24,687 ) Accumulated depreciation 1,269,315 ( 73,487 ) 1,195,828 249,928 Accumulated depreciation (revaluation) ( 734,647 ) 734,647 — — Machineries (revaluation) 255,884 ( 255,884 ) — — Land (revaluation) ( 1,495,641 ) 1,495,641 — — Accumulated depreciation 534,099 ( 30,921 ) 503,178 105,164 Investment in subsidiaries and associates 32,840,759 11,139,168 43,979,927 9,191,805 Available-for-sale ( 204,170 ) 11,821 ( 192,349 ) ( 40,201 ) Revaluation of non-current financial asset 31,991 ( 1,852 ) 30,139 6,299 Capital change from equity method ( 358,416 ) 933,768 575,352 120,249 Raw material allowance — 196,385 196,385 41,044 Provision for warranties — 36,099 36,099 7,545 Trade receivables — 3,397,671 3,397,671 710,113 Short-term borrowings — 6,407,370 6,407,370 1,339,140 Other receivables — 420,117 420,117 87,805 Accrued income ( 1,622,198 ) 1,957,356 335,158 70,048 Advanced payment 171,310 ( 21,890 ) 149,420 31,229 Loss on equity method investment impairment — 2,187,346 2,187,346 457,155 Lease liabilities — 122,962 122,962 25,699 Rent deposits — 7,483 7,483 1,564 Right of use assets — ( 124,051 ) ( 124,051 ) ( 25,927 ) Bad debt 20,173,446 ( 20,173,446 ) — — Net operating loss — 20,173,446 20,173,446 4,216,250 Total 51,341,145 29,329,152 80,670,297 16,860,092 Valuation allowance — ( 13,898,245 ) Deferred tax asset, net — 2,961,847 Statutory tax rate in Republic of Korea is 20.9 % for fiscal year 2023 and 2022. The future feasibility of deferred tax assets is evaluated by considering various factors such as the Company's ability to generate taxable income during the period when temporary differences are realized, the overall economic environment, and the outlook for the industry. The Company is reviewing these matters periodically. Management reserved a valuation allowance of approximately 80 % of the total deferred tax assets calculated as of December 31, 2022. This allowance was increased to 100 % as of December 31, 2023, due to the management’s assessment that generating taxable profit to offset deductible temporary difference was doubtful. Consequently, the amounts of deferred tax assets previously recognized have been recognized as corporate tax expense in the year 2023.

Related Party Transactions and

Related Party Transactions and Balances	12 Months Ended
	Dec. 31, 2023
Related party transactions [abstract]
Related party transactions and balances	29. Related party transactions and balances Details of related party transactions for the years ended December 31, 2023, and 2022 are as follows: (Unit: USD) For the year ended 2023 Sales Purchase Classification Name Sales Other income Raw material Other expense G-SMATT JAPAN 9,142 — — — BioX 421,009 1,863 — 366,026 Related parties Kim, Houng-Ki — — — 27,997 Lee, Ho-Joon — — — 35,308 Total 430,151 1,863 — 429,331 (Unit: USD) For the year ended 2022 Sales Purchase Classification Name Sales Other income Raw material Other expense Related parties G-SMATT JAPAN 9,267 — — — BioX 464,400 1,473 — 264,874 Total 473,667 1,473 — 264,874 The details of receivable and payable to related parties are as of December 31, 2023, and 2022, are as follows: (Unit: USD) As of December 31, 2023 Receivable Payable Name Accounts Loans Others Accounts Borrowing Others BioX(*)(**) 236,853 — 16,158 — 1,249,928 212,298 Kim, Houng-Ki — — — — 68,129 28,253 Korea Networks — — — — 1,121,029 — Ertughrul, Orhan — — — — 244,914 20,566 Lee, Ho-Joon — — — — 332,736 69,488 Total 236,853 — 16,158 — 3,016,736 330,605 (*) The Company has recognized an allowance for doubtful accounts of USD 230,498 for the outstanding balance of accounts receivable USD 467,351 . (**) On February 9, 2023, the Company entered into an agreement with BioX to transfer its ownership of the assets related to Trinit (subsequently renamed Yongsan Holdings Co., Ltd.). The Company has recognized a full allowance for doubtful accounts on the entire outstanding balance of USD 4,091,557 as it is doubtful that BioX will collect the deposit from Yongsan Holdings Co., Ltd. (Unit: USD) As of December 31, 2022 Receivable Payable Name Accounts Loans Others Accounts Borrowing Others G-SMATT JAPAN 453,686 — — — — — BioX — 237,729 65 — 940,091 155,421 Korea Networks — — — — 1,070,045 — Ertughrul, Orhan — — — — 47,551 10,462 Lee, Ho-Joon — — — — 290,163 53,180 Total 453,686 237,729 65 — 2,347,850 219,063 Compensation for key management for the years ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Salaries 1,120,768 970,234 Retirement benefit 231,146 185,970 Total 1,351,914 1,156,204 Key management include directors (including non-executive directors) and auditors who have significant authority and responsibility for the planning, operation, and control of our activities.

Commitment and Contingency

Commitment and Contingency	12 Months Ended
	Dec. 31, 2023
Disclosure of contingent liabilities [abstract]
Commitment and Contingency	30. Commitment and Contingency Litigation In the ordinary course of business, the Company may become involved in claims and legal actions. While the final resolution of these proceedings may have an impact on the consolidated financial statements for a particular period, the Company does not believe these matters are material to its financial position or results of operations. SANGSANGIN Savings Bank On November 2, 2023, a lawsuit was filed in the Suwon, Korea Division court against Captivision Korea by SANGSANGIN SAVINGS Bank and SANGSANGIN PLUS SAVINGS BANK Co., Ltd (collectively referred to as “SANGSANGIN Bank”). The suit alleges that Captivision Korea must return a full deposit of $ 1,544,962 , equivalent to KRW 2,000,000,000 , as stipulated by a factory and equipment lease contract between Captivision Korea (as the Lessor) and G-SMATT Global Co., Ltd. (as the Lessee), along with a lease deposit transfer agreement between G-SMATT Global Co., Ltd. (as the Transferor) and SANGSANGIN Bank (as the Transferee). The Company contends that it is only obliged to return $ 231,744 , equivalent to KRW 300,000,000 of the lease deposit, after offsetting receivables from G-SMATT Global Co., Ltd. Due to the preliminary stage of the lawsuit and the inherent uncertainties of litigation, the Company cannot currently estimate a reasonably possible loss or the potential range of losses resulting from this case. As of December 31, 2023, the Company has only recorded a loss contingency of $ 231,744 , equivalent to KRW 300,000,000 as a payable deposit to SANGSANGIN Bank. Trinit On January 24, 2019, the Company sold its investment in shares of G-SMATT Global to Trinit Co. Ltd. (Trinit). Trinit subsequently changed its name to YongSan Holding Co., Ltd. Pursuant to the terms of the sales agreement, Trinit withheld approximately USD 4,205,000 from the total sales proceeds as a security deposit for contingent claims that may occur during post-acquisition for the period of five years from the date of the acquisition. On March 15, 2019, an amended agreement was executed, which extended the period of claiming for damages, if any, to December 31, 2019. The Company filed suits against Trinit and certain individuals related to Trinit on June 23, 2021, in Republic of Korean Seoul Central District Court. The principal charge being made is that Trinit and its related people breached certain obligations which they had to the Company in connection with refund of the deposit. On June 2, 2022, the court awarded the Company USD 161,141 , a portion of the deposit, 5 % interest calculated up to July 2, 2021, and an additional 12 % interest from the day of the judgement until the day its fully paid. Trinit and the Company appealed the case to the Appellate Court. On February 9, 2023, Captivision Korea (former GLAAM) entered into an agreement with BioX to transfer its ownership of the assets related to Trinit Co., Ltd. As part of the agreement, BioX made an initial payment of USD 0.2 million and agreed to pay the balance of USD 4.1 million by December 29, 2023. BioX entered into a new agreement with Captivision Korea on October 31, 2023 to amended the payment terms. The new agreement nullified the previous agreement, and payment terms were amended so that USD 0.77 million, USD 0.77 million, and USD 2.55 million are to be paid by June 28, September 30, and December 31, 2024, respectively. BioX’s pursuit of collection of the amounts from Trinit is currently on-going. The Company has recognized a full allowance for doubtful accounts on the entire outstanding balance of USD 4,091,557 receivable from BioX as it is doubtful that BioX will collect the deposit from Yongsan Holdings Co., Ltd. Contingent liabilities and agreements as of December 31, 2023, and 2022, are as follows: (Unit: USD) For year ended 2023 Lender Type Credit limit Use Residual United asset management Ltd Facility Loan 1,620,136 1,620,136 — KEB Hana Bank Working capital Loan 1,158,722 1,158,722 — Facility Loan 4,248,646 4,248,646 — SBI Savings Bank Operating loan 672,059 672,059 — Barclays Bounce Back Loan 61,251 61,251 — Total 7,760,814 7,760,814 — (Unit: USD) For year ended 2022 Lender Type Credit limit Use Residual United asset management Ltd Facility Loan 2,001,142 2,001,142 — Kookmin Bank Small Business Loan 285,275 285,275 — Small Business Loan 633,945 633,945 — SBI Savings Bank Operating loan 729,036 729,036 — MG Saemaeul Credit Union (Sannam) Corporate General Fund Loan 3,565,938 3,565,938 — MG Saemaeul Credit Union (Dongmun) Corporate General Fund Loan 792,431 792,431 — Barclays Bounce Back Loan 45,397 45,397 — Total 8,053,164 8,053,164 —

Cash Flows

Cash Flows	12 Months Ended
	Dec. 31, 2023
Cash flows [abstract]
Cash flows	31. Cash flows Cash flows from operating activities for the year ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 a. Net loss ( 76,985,584 ) ( 7,892,168 ) ( 60,387,182 ) b. Adjustment 44,407,435 12,140,195 47,194,223 Corporate tax benefit 2,861,079 ( 1,511,696 ) ( 3,599,507 ) Depreciation 756,117 1,357,987 1,786,378 Amortization 1,847,358 1,457,310 1,792,358 Bad debt 2,427,642 46,005 15,395,091 Other bad debt 4,865,907 436,674 10,026,952 Stock compensation costs 2,532,821 687,888 277,638 Defined benefit expense 393,583 286,421 283,482 Interest expense 2,466,266 45,858 1,777,845 Loss on disposal of inventory 214,378 5,877,549 8,415,311 Loss on foreign currency translation 127,190 133,181 78,602 Loss on valuation of equity method — 535,268 1,518,115 Product warranty expense 29,637 5,503 33,573 Loss on raw material fair value evaluation — — 223,457 Loss on intangible assets impairments 4,070,331 3,902,589 564,563 Miscellaneous loss — ( 125,478 ) 7,652 R&D expenses — — 329,831 Loss on disposal of investment shares in subsidiaries — — 13,318,419 Loss from disposal of Intangible Assets 1,912 — — Loss on equity method investment Impairment 2,683,019 — — Loss from valuation of CB 103,342 — — Loss on tangible assets impairments 19,004 — — Change in fair value of derivative warrant liabilities 504,587 — — Reverse Acquisition Expense 18,736,326 — — Interest income ( 13,671 ) ( 54,931 ) ( 292,769 ) Gain from discharge of indebtedness — ( 4,079,520 ) ( 3,694,237 ) Gain from equity method — — ( 171,147 ) Gain from foreign currency translation ( 78,600 ) ( 74,596 ) ( 794,360 ) Gain from disposition of tangible assets ( 4,682 ) 3,246,343 ( 7,203 ) Gain from disposal of available-for-sale securities — — ( 75,821 ) Reversal of allowance for doubtful accounts ( 136,111 ) ( 32,160 ) — c. Changes in working capital 23,654,519 ( 9,624,762 ) 7,084,315 Decrease (increase) in trade receivables ( 5,874,476 ) 4,048,195 3,452,691 Decrease (increase) in other receivables 238,287 ( 150,198 ) ( 126,488 ) Decrease (increase) in accrued income ( 1,540 ) 161,931 454,728 Decrease (increase) in advance payments 251,324 1,503,205 ( 871,377 ) Decrease (increase) in prepaid expenses ( 373,039 ) 60,106 2,866 Decrease (increase) in inventory 602,700 ( 3,319,449 ) ( 1,230,342 ) Decrease (increase) in non-current accounts receivable — 639,402 372,898 Increase (decrease) in trade payables ( 1,206,844 ) ( 1,664,819 ) ( 446,568 ) Increase (decrease) in Non-trade Payables 22,381,641 ( 4,238,255 ) 5,342,932 Increase (decrease) in Withholdings 6,420 ( 180,093 ) 100,901 Increase (decrease) in value added tax withheld 4,325 203,344 ( 33,197 ) Increase (decrease) in advance income 182,951 ( 4,653,820 ) 50,436 Increase (decrease) in Accrued Expenses ( 51,069 ) ( 2,110,114 ) 394,142 Increase (decrease) in government subsidy — — ( 5,309 ) Increase (decrease) in value added tax receivable — 476,197 815 Increase (decrease) in Non-current Non-trade Payables 7,690,592 ( 106,709 ) ( 57,035 ) Payment of severance ( 162,922 ) ( 293,685 ) ( 316,557 ) Changes in retirement planned assets — — ( 1,221 ) Change in Product warranty provision ( 33,831 ) — — Cash flows generated from operating activities ( 8,923,630 ) ( 5,376,735 ) ( 6,108,644 ) Significant transactions without cash inflows and outflows for the year ended December 31, 2023, and 2022 are as follows: (Unit: USD) For the year For the year For the year Classification ended 2023 ended 2022 ended 2021 Debt conversion 5,747,682 3,017,247 8,411,278 Conversion of convertible bonds — 6,012,570 17,407,314 Conversion of shares in connection with the SPAC merger 20,228,171 — — Total 25,975,853 9,029,817 25,818,592

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Earnings per share	32. Earnings per share Basic earnings per share are calculated by dividing the net income attributable to common stock by the number of common stocks in weighted average distribution, and the calculation details are as follows: Basic EPS Earnings (Loss) Weighted Per share amount 2023 ( 74,726,799 ) 18,451,377 ( 4.05 ) 2022 ( 5,892,144 ) 14,273,192 ( 0.41 ) 2021 ( 60,114,590 ) 5,928,439 ( 10.14 ) Prior to the reverse recapitalization, the EPS of the combined company is presented on the basis of Captivision Korea shares outstanding, adjusted using the share exchange ratio of 0.8008 . Diluted EPS is equal to basic EPS in 2021, 2022 and 2023 as the potentially diluted instruments were not in the money and therefore not dilutive.

Reverse Acquisition

Reverse Acquisition	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about business combination [abstract]
Reverse Acquisition	33. Reverse Acquisition On March 2, 2023, Jaguar Global Growth Corporation I (“JGGC”), Captivision Korea and the shareholders of Captivision Korea entered into a Business Combination Agreement whereby: (i) on November 15, 2023, JGGC merged with and into Captivision (“the Company” / “CAPT”), with the Company surviving the merger, and the security holders of JGGC became security holders of the Company, and (ii) on November 15, 2023, the Company acquired all of the issued and outstanding share capital of Captivision Korea from the shareholders of Captivision Korea in exchange for ordinary shares of the Company, such that Captivision Korea is a direct wholly owned and legal subsidiary of the Company. In consideration for the merger between the Company and JGGC, each JGGC shareholder received one ordinary share and one warrant of the Company for each ordinary share and warrant they held in JGGC, respectively. Each ordinary share of Captivision Korea was acquired by the Company in exchange for 0.8008 ordinary shares of CAPT. The merger of the Company and JGGC does not meet the definition of an IFRS 3 business combination. At the date of the merger, JGGC did not meet the definition of a business under IFRS 3 and as such the merger constitutes a reverse acquisition as opposed to a business combination. After market close on November 15, 2023, JGGC’ ordinary shares, units and warrants ceased trading on The Nasdaq Stock Market LLC, and beginning on November 16, 2023, the Company’s ordinary shares and warrants began trading on Nasdaq under the symbols "CAPT" and “CAPTW”, respectively. Please see note 17 for further detail on the valuation of the warrants. The acquisition of the share capital of Captivision Korea by the Company whereby Captivision Korea becomes a wholly owned and legal subsidiary of the Company, constitutes a reverse acquisition as the previous shareholders of Captivision Korea own a substantial majority of the Ordinary Shares of the Company. As the Company previously had no investment activities and was engaged in acquiring Captivision Korea and raising equity financing to provide the required funding for the operations of the acquisition and re-listing on the NASDAQ exchange, it did not meet the definition of a business as prescribed in IFRS 3. Accordingly, this reverse acquisition does not constitute a business combination and is accounted for in accordance with IFRS 2 Share-based Payments and associated IFRIC guidance. Although, the reverse acquisition is not a business combination, the Company is a legal parent (accounting acquiree) and is required to apply IFRS 10 and prepare consolidated financial statements. The Company accounted for the transaction by applying reverse acquisition methodology, but rather than recognizing goodwill, the difference between the equity value given up by the Captivision Korea shareholders and the share of the fair value of net assets gained by the Captivision Korea shareholders is charged to the statement of profit or loss as a share based payment charge (the deemed acquisition cost), and represents in substance, the cost of acquiring a NASDAQ quoted listing. In accordance with reverse acquisition accounting principles, these consolidated financial statements represent a continuation of the financial statements of Captivision Korea and include: a) The assets and liabilities of Captivision Korea at their pre-acquisition carrying amounts and the results for both years; and b) The assets and liabilities of the Company as of November 15, 2023, and its results from November 15, 2023, to December 31, 2023. Included in consolidated profit/ (loss) for was a loss of $ 45,494,252 generated by the Company for the period November 15, 2023, to December 31, 2023. On November 15, 2023, the Company issued 17,109,472 ordinary shares to acquire 21,365,404 shares of Captivision Korea. However, as Captivision Korea is determined to be the accounting acquirer, the fair value of the shares deemed to have been issued by Captivision Korea to acquire the Company is determined as $ 20,228,171 . (Unit: USD) Fair value of net assets of Captivision comprising: USD Cash and cash equivalents 3,005,606 Warrants Liabilities ( 1,513,761 ) Fair value of net assets 1,491,845 Less : Fair value of consideration comprising 11,870,336 Captivision Inc. Conversion of shares in connection with the SPAC merger (*) 20,228,171 Reverse Acquisition Expense recognized in Consolidated Statement of Profit and Loss 18,736,326 (*) Captivision Inc. Conversion of shares in connection with the SPAC merger are as follows: Shareholders Shares(A) Price per shares(B) Total Value(C=AxB) Former JGGC Shareholders (*) 11,708,336 1.70 19,904,171 Cohen and Outside the Box (**) 162,000 2.00 324,000 Total 11,870,336 20,228,171 (*) Price per share was applied as the closing price of Captivision Share price on November 15, 2023. (**) Price per share was applied as Volume Weighted Average Price (“VWAP”) ($ 2.00 ) according to F-1/A. The exceptional costs within the Consolidated Statement of Profit and Loss for the year ended December 31, 2023, comprised: (Unit: USD) 2023 Reverse acquisition expense 18,736,326 Nasdaq listing expenses 26,884,034 Total 45,620,360

Warrant Liability

Warrant Liability	12 Months Ended
	Dec. 31, 2023
Disclosure of warrant liability [abstract]
Warrant Liability	34. Warrant Liability Warrants are classified as financial liabilities at fair value through profit and loss. The warrants were valued at the acquisition date November 15, 2023 . The key terms of the warrants are: Warrant exercise. Warrants are exercisable: − In the period from 30 days after the De-SPAC transaction; − to 15 November 2028 (“Expiry Date”), being the date five years after the De-SPAC transaction (“the Exercise Period”); and − in exchange for one ordinary CAPT Share (NASDAQ: CAPT) (“Share”) for a price of $ 11.50 (“Exercise Price”). Public warrant redemption The following terms apply to Public Warrants only: − CAPT may redeem the Public Warrants in whole and not in part during the Exercise Period for $ 0.10 per Warrant if the Shares trade at or above $ 10.00 but less than $ 18.00 per share for a 20 out of 30 trading day period ending three trading days before the Company sends the notice of redemption to the warrant holders; and − CAPT may redeem the Public Warrants in whole and not in part during the Exercise Period for $ 0.01 per Warrant if the Shares trade above $ 18.00 for a 20 out of 30 trading day period ending three trading days before the Company sends the notice of redemption to the warrant holders. Private warrant redemption The following terms apply to Private Warrants only: − CAPT may redeem the Private Warrants in whole and not in part during the Exercise Period for $ 0.10 per Warrant if the Shares trade at or above $ 10.00 but less than $ 18.00 per share for a 20 out of 30 trading day period ending three trading days before the Company sends the notice of redemption to the warrant holders. − CAPT may not redeem the Private Warrants in whole and not in part if the Shares trade above $ 18.00 ; and − Private Warrant holders may not transfer their warrants to any party not defined as a permitted transferee. Exercise after redemption notice The Company is required to provide investors with 30 days ’ notice of intention to redeem the Warrants (the “Redemption Notice Period”). During the Redemption Notice Period, warrant holders may elect to exercise their Warrants on a cash basis (i.e., by paying the Exercise Price of $ 11.50 for a Share). If redemption is triggered by the Shares trading between $10.00 and $18.00 per share, warrant holders may elect for a “Make Whole Exercise” in exchange for a pre-determined number of Shares on a cashless basis. The number of Make Whole shares is determined based on: (1) the 10-day volume-weighted average price of the Shares in the 10 trading days following the notice of redemption, and (2) the number of months elapsed since the De-SPAC transaction. IFRS 13 Fair Value prescribes a fair value hierarchy made up of 3 levels of inputs based on the reliability of the underlying data used in establishing the fair value. Public Warrant liabilities, measured at fair value through profit and loss, qualify as Level 1 instruments, as they have observable inputs from public markets. However, due to a lack of trading activity, the estimated fair value of Public Warrants is classified as Level 2 instruments, where they remained through the end of the period on December 31, 2023. Private Warrant liabilities and Founder Warrants liabilities are classified as Level 2 instruments due to a make-whole provision that aligns their terms with those of the Public Warrants. Consequently, the Company has used the closing price of the public warrants to determine the fair value of the Private Warrants and Founder Warrants. These Private Warrants and Founder Warrants also classified as Level 2 liabilities as of December 31, 2023. (Unit: USD, Share) Number of Number of Number of Fair value of Public Private Founder warrant warrants warrants warrants liability At date of acquisition 11,499,990 11,950,000 1,779,368 1,513,762 Change in fair value — — — 504,587 Balance at 31 December 2023 11,499,990 11,950,000 1,779,368 2,018,349

Share Based Compensation

Share Based Compensation	12 Months Ended
	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Share based compensation	35. Share based compensation The Company has incentive awards for employees, Earnout RSRs and converted options. The below table summarizes share-based compensation expense for the years ended December 31, 2023, 2022 and 2021. (Unit: USD) 2023 2022 2021 RSRs compensation expense in administrative expense 3,507 — — Converted option compensation in administrative expense 2,529,314 687,888 277,638 Total 2,532,821 687,888 277,638 RSRs On November 15, 2023, the Company granted the RSRs, which vest upon the satisfaction of a market condition. Compensation expense for RSRs is determined based upon the market price of the shares underlying the awards on the date of grant and expensed immediately on the grant date as there is no vesting period. The key terms of the RSRs are: − Earnout period is from November 15, 2023, to November 15, 2026; and − upon the occurrence of triggering event I, II, III during the earnout period, RSRs shall automatically vest; and − “Triggering Event I” occurs when if the Shares trade at or above $ 12.00 per share for a 20 out of 30 trading day period occurring during the Earnout period; and − “Triggering Event II” occurs when if the Shares trade at or above $ 14.00 per share for a 20 out of 30 trading day period occurring during the Earnout period; and − “Triggering Event III” occurs when if the Shares trade at or above $ 16.00 per share for a 20 out of 30 trading day period occurring during the Earnout period; and − If any triggering event has not occurred, none of the RSRs shall vest, and all rights (contingent or otherwise) underlying each RSR shall be forfeited and cancelled for no consideration. The RSRs are fair valued using Monte Carlo simulation. The following assumptions are used in calculating the fair values of the options: 2023 Expected volatility 40 % Risk-Free interest rate 4.681 % Expected dividend yield 0 % Expected life (years) 3 Expected volatility — Since the Company had a limited trading history of its ordinary shares, there was insufficient historical volatility available for determining the expected term of the share options. To address this, a more conservative approach was adopted, wherein 40 % of the average historical share volatilities ( 36.7 %) of several unrelated public companies within the Company’s industry were applied. These companies were deemed comparable to the Company’s business, covering a period equivalent to the expected term of the Restricted Stock Rights (RSRs). Risk-free interest rate — The company determined the risk-free interest rate by utilizing the US 3-year Treasury bill rate as of November 15, 2023 (“Closing date”). Expected dividend yield - The Company did not anticipate paying any dividends in the foreseeable future. Consequently, a 0 % expected dividend yield was utilized. Expected term — The expected term of RSRs granted is based on historical experience and represents the period that granted are expected to be outstanding. As there was not sufficient historical share exercise data available to calculate the expected term of the RSRs, a vesting period of 3 years for RSRs was applied. Converted options. Details of stock options granted by the Company to the executive management and employees, including the President, Vice President, CEO, and CFO, for the year ended December 31, 2023, are as follows: (Unit: USD, Share) Classification Description Grant date March 30, 2022 Total number of Captivision Korea Options(A) (*) 1,000,000 Terminated(B) 57,983 Outstanding of Captivision Korea Options(C=A-B) (**) 942,017 Exchange ratio(D) 0.8008 Captivision Korea Converted Options (E=C x D) 754,351 Granting method Stock issue Exercise price 4.84 Available period for exercise March 30, 2024~March 29, 2027 (*) On March 30, 2022, Captivision Korea issued 1,000,000 shares of stock options with an exercise price of KRW 5,000 (USD 4.84 ). A total of 1,000,000 Captivision Korea options were granted by 2022, but 57,983 Captivision Korea options were terminated as of November 15, 2023. (**) On November 15, 2023, 942,017 outstanding Captivision Korea options were converted into 754,351 shares of Captivision Korea Converted Options, reflecting the exchange ratio. There were no options exercised as of December 2023. The Company calculates the exercise price in compliance with the Commercial Act and the Capital Markets and Financial Investment Business Act in Korea. Equity-settled stock-based compensation is recognized at a fair value of equity instruments granted, and employee benefits expense is recognized over the vesting period. At the end of the period, the Company revises its estimates of the number of options that are expected to vest on the non-market vesting and service conditions.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	36. Subsequent events (1) Change in legal subsidiary’s name At the shareholders' meeting held on March 29, 2024, the company name of GLAAM Co., Ltd., was officially changed to Captivision Korea, Inc. (2) Debt-to-Equity conversion agreement is under the discussion with creditors (Not Executed) The Company is currently in the discussion to agree with following creditors to convert outstanding debt amount to the Company’s shares. (Unit : USD) Classification Borrowing from Amount Note Convertible bond Jeon, Joon-Soo 1,004,226 Acquired Convertible bonds of Bluming Innovation Convertible bond Daesun 926,977 Acquired Convertible bonds of Bluming Innovation Short-term loan Whale Investment Co., Ltd. 3,476,165 Short-term loan Kim, Kyung-Sook 926,977 Other payables Deco&Home Inc. 348,389 De-SPAC expense Other payables Kim, Jae-Young 154,496 Raw material expense Other payables Mirae Asset Securities Co., Ltd. 98,717 Other payables Sol Sea&Air Co., Ltd. 80,640 Trade payable Jin Technology 236,344 Trade payable INP Chemical Co., Ltd. 279,260 Trade payable Meanwell Doosung Co., Ltd. 77,248 Trade payable Cressem Co., Ltd. 64,715 Total 7,674,154 (3) Change in management On March 25, 2024, the Company announced the appointment of Gary R. Garrabrant as Chairman and Chief Executive Officer of the Company and the transition of Ho Joon Lee from Chief Executive Officer to Chief Technology Officer of the Company. Based in the U.S., Mr. Garrabrant will lead the firm’s strategic direction, including potential expansion in new geographies and promising sectors, chief among them sports and entertainment. Based in Seoul, company founder and former CEO Ho Joon Lee will lead Captivision’s innovation team globally as Chief Technology Officer and will continue to serve on the company’s Board of Directors. (4) Convertible promissory notes On February 16, 2024, the Company entered into subscription agreements, pursuant to which such investors agreed to subscribe for and purchase from the Company an aggregate principal amount of USD 1,250,000 of convertible promissory notes (the “Notes”). The Notes mature on February 16, 2025 and do not bear interest. The notes do not contain restrictive covenants or mandatory payments prior to maturity. The Notes are convertible into a number of the Company’s ordinary shares, par value USD 0.0001 per share (“Shares”), of the Company equal to the principal amount divided by USD 6.21 , or an aggregate of 201,290 shares. The conversion of the Notes shall occur on a mandatory basis upon the effectiveness of the securities registration statement submitted to the Financial Supervisory Services of Korea in accordance with applicable Korean law in connection with the issuance of the Shares. On April 16, 2024, the Company and certain investors also entered into another subscription agreements, pursuant to which such investors agreed to subscribe for and purchase from the Company an aggregate principal amount of USD 1,175,000 of convertible promissory notes (the “Notes”). The Notes mature on April 16, 2025 and do not bear interest. The notes do not contain restrictive covenants or mandatory payments prior to maturity. The closing of the issuance of the Notes occurred concurrently with the execution of the subscription agreements. The Notes are convertible into a number of the Company’s ordinary shares, par value USD 0.0001 per share, of the Company equal to the principal amount divided by USD 5.03 , or an aggregate of 233,600 shares. The conversion of the Notes shall occur on a mandatory basis upon the effectiveness of the securities registration statement submitted to the Financial Supervisory Services of Korea in accordance with applicable Korean law in connection with the issuance of the shares. (5) Debt covenant modification On November 28, 2023, Captivision Korea entered into two loan agreements with KEB Hana Bank (“KEB”) for a principal amount of approximately USD 4.2 million (KRW 5,500 million) and USD 1.1 million (KRW 1,500 million), with interest accruing at a floating rate equal to the 3-month CD rate plus 2.08 % and 1.76 %, respectively, and a maturity date of November 28, 2026 . The loan terms had a special condition that required capital injection of USD 8.5 million by the end of January, 2024, but on February 2, 2024, the loan terms have been amended to exclude such a condition.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Disclosure of voluntary change in accounting policy [abstract]
Basis of preparation	Basis of preparation These financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the IASB. The financial statements are prepared on the historical cost basis, other than certain financial assets and liabilities measured at fair value, and accounting policies set out below have been consistently applied. The preparation of the financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of apply the accounting policies. On November 15, 2023, the Company acquired GLAAM Co., Ltd. (“Captivision Korea”) through a share for share exchange. The acquisition is not a business combination, and Captivision Korea is identified as the acquirer for accounting purposes and as such the transaction is a reverse acquisition (“De-SPAC transaction”). As the acquisition is not a business combination, the transaction falls within IFRS 2 ‘Share-based payments’. In line with the IFRIC guidance, the transaction is accounted for as follows: - The assets and liabilities of the accounting acquirer are recognized and measured in the consolidated financial statements at their pre-combination carrying amounts. - The identifiable net assets of the Company, as legal acquirer, is recognized in accordance with paragraph 10 of IFRS 2 at their fair value at grant date. Any difference in the fair value of the shares deemed to have been issued and the fair value of the Company’s assets and liabilities is charged to the Consolidated Statements of Profit and Loss and Comprehensive Income (Loss) as a share-based payment expense and represents in substance the cost of acquiring a Nasdaq listing.
Significant Accounting Policy	Significant Accounting Policy The significant accounting policies followed by the Company in the preparation of its consolidated financial statements are as follows: The preparation of financial statements in conformity with IFRS requires management to make significant estimates and assumptions that affect the assets, liabilities, revenues and expenses, and other related amounts during the periods covered by the financial statements. Management routinely makes judgments and estimates about the effect of matters that are inherently uncertain. As the number of variables and assumptions affecting the future resolution of the uncertainties increases, these judgments become more subjective and complex. The Company has identified the following accounting policies as the most important to the presentation and disclosure of the financial condition and results of operations.
Subsidiaries	Subsidiaries The Company has prepared the consolidated financial statements in accordance with IFRS 10 Consolidated Financial Statements. Subsidiaries Subsidiaries are all entities over which the Company has control. The Company controls an entity when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. They are deconsolidated from the date that control ceases. The acquisition method of accounting is used to account for De-SPAC transaction by the Company. The consideration transferred is measured at the fair values of the assets transferred, and identifiable assets acquired, and liabilities and contingent liabilities assumed in a De-SPAC transaction are measured initially at their fair values at the acquisition date. The Company recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net identifiable assets. All other non-controlling interests are measured at fair values, unless otherwise required by other standards. Acquisition-related costs are expensed as incurred. The excess of consideration transferred, amount of any non-controlling interest in the acquired entity and acquisition-date fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognized directly in the profit or loss as a bargain purchase. Intercompany transactions, balances and unrealized gains on intercompany transactions are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. The accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Company. Changes in ownership interests in subsidiaries without change of control Any differences between the amount of the adjustment to non-controlling interest that do not result in a loss of control and any consideration paid or received is recognized in a separate reserve within equity attributable to owners of the Controlling Company. Disposal of subsidiaries When the Company ceases to consolidate for a subsidiary because of a loss of control, any retained interest in the subsidiary is remeasured to its fair value with the change in carrying amount recognized in profit or loss. Associates Associates are entities over which the Company has significant influence but does not possess control or joint control. Investments in associates are accounted for using the equity method of accounting, after initially being recognized at cost. Unrealized gains on transactions between the Company and its associates are eliminated to the extent of the Company’s interest in the associates. If the Company’s share of losses of an associate equal or exceeds its interest in the associate (including long-term interests that, in substance, form part of the Company’s net investment in the associate), the Company discontinues recognizing its share of further losses. After the Company’s interest is reduced to zero, additional losses are provided for, and a liability is recognized, only to the extent that the Company has incurred legal or constructive obligations or made payments on behalf of the associate. If there is objective evidence of impairment for the investment in the associate, the Company recognizes the difference between the recoverable amount of the associate and its book amount as impairment loss. If an associate uses accounting policies other than those of the Company for transactions and events in similar circumstances, if necessary, adjustments shall be made to make the associate’s accounting policies conform to those of the Company when the associate’s financial statements are used by the Company in applying the equity method.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents include all cash balances and short-term highly liquid investments with an original maturity of three months or less that are readily convertible into known amounts of cash.
Non-derivative financial assets	Non-derivative financial assets Recognition and initial measurement Trade receivables and debt instruments issued are initially recognized when they are originated. All other financial assets are recognized in statement of financial position when, and only when, the Company becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) is initially measured at fair value plus, for an item not at Fair Value Through Profit or Loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. Classification and subsequent measurement On initial recognition, a financial asset is classified as measured at: amortized cost; Fair Value through Other Comprehensive Income (FVOCI) - debt investment; FVOCI - equity investments; or FVTPL. Financial assets are not reclassified after their initial recognition unless the Company changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the subsequent reporting period following the change in the business model. A financial asset is measured as at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is to hold assets to collect contractual cash flows; and - Its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: - it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and - the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investment that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment basis. All financial assets not classified as measured at amortized cost or FVOCI as described above are measured as at FVTPL. This includes all derivative financial assets. At initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. Derecognition The Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, it transfers the rights to receive the contractual cash flows of the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred, or it transfers or does not retain substantially all the risks and rewards of ownership of a transferred asset, and does not retain control of the transferred asset. If the Company has retained substantially all the risks and rewards of ownership of the transferred asset, the Company continues to recognize the transferred asset. Offset Financial assets and liabilities are offset, and the net amount is presented in the consolidated statement of financial position when, and only when, the Company has a legal right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.
Trade Receivables	Trade Receivables Trade receivables are recognized initially at their transaction price, unless they contain significant financing components when they are recognized at fair value. If they contain significant financing components, trade receivables are subsequently measured at amortized cost using the effective interest method, less loss allowance.
Inventories	Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted- average method, except for inventories in-transit.
Property, Plant and Equipment	Property, Plant and Equipment Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes an expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labor, any costs directly attributable to bringing the assets to a working condition for their intended use, the costs of dismantling and removing the items and restoring the site on which they are located and borrowing costs on qualifying assets. The gain or loss arising from the derecognition of an item of property, plant and equipment is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item, and recognized in other income or other expenses. Subsequent costs Subsequent expenditure on an item of property, plant and equipment is recognized as part of its cost only if it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The costs of the day-to-day servicing of property, plant and equipment are recognized in profit or loss as incurred. Depreciation Land is not depreciated, and depreciation of other items of property, plant and equipment is recognized in profit or loss on a straight-line basis, reflecting the pattern in which the asset's future economic benefits are expected to be consumed by the Company. The residual value of property, plant and equipment is zero. Estimated useful lives of the assets are as follows: Items Estimated useful lives (years) Buildings and structures 40 Machinery 10 Others 5 Depreciation methods, useful lives and residual values are reviewed at each financial period-end and adjusted if appropriate and any changes are accounted for as changes in accounting estimates.
Intangible Assets	Intangible Assets Intangible assets are initially measured at cost. Subsequently, intangible assets are measured at cost less accumulated amortization and accumulated impairment losses. Intangible assets are amortized in a straight-line method for five years with the residual value of zero from the time they are available. Subsequent costs Subsequent expenditures are capitalized only when they increase the future economic benefits embodied in the specific intangible asset to which they relate. All other expenditures, including expenditures on internally generated goodwill and brands, are recognized in profit or loss as incurred.
Impairment for Non-financial assets	Impairment for Non-financial assets The carrying amounts of the Company’s non-financial assets, other than assets arising from employee benefits, inventories, and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, irrespective of whether there is any indication of impairment, the recoverable amount is estimated each year. An impairment loss is recognized if the carrying amount of an asset exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. In respect of assets other than goodwill, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of accumulated depreciation or amortization, if no impairment loss had been recognized from the acquisition cost. An impairment loss in respect of goodwill is not reversed. Deferred Income Tax The Company’s taxable income generated from these operations are subject to income taxes based on tax laws and interpretations of tax authorities in numerous jurisdictions. There are many transactions and calculations for which the ultimate tax determination is uncertain. If certain portion of the taxable income is not used for investments or increase in wages or dividends in accordance with the Tax System for Recirculation of Corporate Income, the Company is liable to pay additional income tax calculated based on the tax laws. Accordingly, the measurement of current and deferred income tax is affected by the tax effects from the new tax system. As the Company’s income tax is dependent on the investments, as well as wage and dividends increase, there is an uncertainty measuring the final tax effects. Fair Value of Financial Instruments The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. The Company uses its judgment to select a variety of methods and make assumptions that are mainly based on market conditions existing at the end of each reporting period. Impairment of Financial Assets The provision for impairment for financial assets is based on assumptions about risk of default and expected loss rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation based on the Company’s history, existing market conditions as well as forward looking estimates at the end of each reporting period. Net Defined Benefit Liability The present value of net defined benefit liability depends on several factors that are determined on an actuarial basis using a number of assumptions including the discount rate.
Non-derivative financial liabilities	Non-derivative financial liabilities The Company classifies financial liabilities as financial liabilities at profit or loss and other financial liabilities according to the substance of the contract and the definition of financial liabilities and recognizes them in its statement of financial position when it becomes a party to the contract. Financial liabilities at profit or loss Financial liability at profit or loss includes a short-term trading financial liability or a financial liability designated as financial liability at profit or loss at initial recognition. A financial liability at profit or loss is measured at fair value after initial recognition and changes in fair value are recognized in profit or loss. On the other hand, transaction costs incurred in connection with the issuance at initial recognition are recognized in profit or loss immediately upon occurrence. Other financial liabilities Non-derivative financial liabilities that are not classified as financial liabilities at profit or loss are classified as other financial liabilities. Other financial liabilities are measured at fair value minus transaction costs directly related to issuance at initial recognition. Subsequently, other financial liabilities are measured at amortized cost using the effective interest method and interest expenses are recognized using the effective interest method. Financial liabilities are removed from the statement of financial position only when they are extinguished, i.e., contractual obligations are fulfilled, cancelled, or expired.
Trade and other Payables	Trade and other Payables These amounts represent liabilities for goods and services provided to the Company prior to the end of reporting period which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method.
Employee benefits	Employee benefits Short-term employee benefits Short-term employee benefits that are due to be settled within twelve months after the end of the period in which the employees render the related service are recognized in profit or loss on an undiscounted basis. Defined benefit plan A defined benefit plan is a post-employment benefit plan other than defined contribution plans. The Company’s net obligation in respect of its defined benefit plan is calculated by estimating the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value. The fair value of any plan assets is deducted. The calculation is performed annually by an independent actuary using the projected unit credit method. The discount rate is the yield at the reporting date on high quality corporate bonds that have maturity dates approximating the terms of the Company’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The Company recognizes all actuarial gains and losses arising from defined benefit plans in retained earnings immediately. The Company determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability (asset), considering any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Consequently, the net interest on the net defined benefit liability (asset) now comprises interest cost on the defined benefit obligation, interest income on plan assets, and interest on the effect on the asset ceiling. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognized immediately in profit or loss. The Company recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs. Termination benefits The Company recognizes expense for termination benefits at the earlier of the date when the entity can no longer withdraw the offer of those benefits and when the entity recognizes costs for a restructuring involving the payment of termination benefits. If the termination benefits are not expected to be settled wholly before twelve months after the end of the annual reporting period, the Company measures the termination benefit with the present value of future cash payments.
Share-based compensation	Share-based compensation Converted Options Where share options are awarded to Captivision Korea ’s employees, the fair value of the options at grant date is charged to the Statement of Profit and Loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options or warrants that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition. The fair value of the award also considers non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme). Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to the Statement of Profit and Loss over the remaining vesting period. Where equity instruments are granted to persons other than employees, the Statement of Profit and Loss is charged with fair value of goods and services received. When share options lapse, any amounts credited to the share-based payments reserve are released to the retained earnings reserve. RSRs (Restricted Stock Rights) RSRs are granted to Captivision Korea Founders (Houng Ki Kim and Ho Joon Lee). Estimating the fair value of RSRs requires a determination of the most appropriate valuation model, which depends on the terms and conditions of the RSRs. This estimate also requires determination of the most appropriate inputs to the valuation model including equity value, exercise price, volatility, dividend yield, risk free rate and exercise period and making assumptions about them. For the measurement of the fair value of RSRs at both the acquisition and the reporting date, the company uses a Monte Carlo simulation. The assumptions and models used for this estimation are disclosed in note 35. Warrants Warrants are classified as derivatives and are initially recognized at their fair value on the date of inception of the contract. The Company’s warrants are subsequently re-measured at each reporting date with changes in fair value recognized in profit or loss. As the fair value of the warrants fluctuate with movement in the underlying Captivision Inc. share price, these warrants are considered a derivative as a variable amount of cash will be settled on exercise.
Provisions	Provisions Provisions for product warranties, litigations and claims, and others are recognized when the Company presently hold legal or constructive obligation as a result of past events, and when it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and the increase in the provision due to the passage of time is recognized as interest expense.
Leases	Leases The Company leases various repeater server racks, offices, communication line facilities, machinery, and cars. Contracts may contain both lease and non-lease components. The Company allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices. However, for leases of real estate for which the Company is lessee, the Company applies the practical expedient which has elected not to separate lease and non-lease components and instead accounts them as a single lease component. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: - Fixed payments (including in-substance fixed payments), less any lease incentives receivable - Variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date - Amounts expected to be payable by the Company (the lessee) under residual value guarantees - The exercise price of a purchase option if the Company (the lessee) is reasonably certain to exercise that option, and - Payments of penalties for terminating the lease, if the lease term reflects the Company (the lessee) exercising that option Measurement of lease liability also includes payments to be made in optional periods if the lessee is reasonably certain to exercise an option to extend the lease. The Company determines the lease term as the non-cancellable period of a lease, together with both (a) periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and (b) periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option. When the lessee and the lessor each has the right to terminate the lease without permission from the other party, the Company should consider a termination penalty in determining the period for which the contract is enforceable. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee’s incremental borrowing rate is used, which is the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions. The Company is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right-of-use assets are measured at cost comprising the following: - amount of the initial measurement of lease liability - any lease payments made at or before the commencement date less any lease incentives received - any initial direct costs (leasehold deposits) - restoration costs The right-of-use asset is depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. If the Company is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful life. Payments associated with short-term leases and leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less, such as mechanical devices and cars. Low-value assets are comprised of tools, equipment, and others.
Paid-in Capital	Paid-in Capital Common shares are classified as capital, and incremental costs incurred directly related to capital transactions are deducted from capital as a net amount reflecting tax effects. If the Company reacquires its own equity instruments, these equity instruments are deducted directly from equity as subjects of equity. Profit or loss in the case of purchasing, selling, issuing, or incinerating a self-interest product is not recognized in profit or loss.
Revenue from contracts with customers	Revenue from contracts with customers The Company generates revenue primarily from sale and installation of LED display glasses. Product revenue is recognized when a customer obtains control over the Company’s products, which typically occurs upon delivery or completion of installation depending on the terms of the contracts with the customer.
Finance Income	Finance Income Finance income comprises interest income on funds invested (including debt instruments measured at FVOCI), gains on disposal of debt instruments measured at FVOCI, and changes in fair value of financial assets at FVTPL. Interest income is recognized as it accrues in profit or loss, using the effective interest method.
Income Tax	Income Tax Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that it relates to a De-SPAC transaction, or items recognized directly in equity or in other comprehensive income. Current tax Current tax comprises the expected tax payable or receivable on the taxable profit or loss for the year, using tax rates enacted or substantively enacted at the reporting date and any adjustment to tax payable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. The taxable profit is different from the accounting profit for the period since the taxable profit is calculated excluding the temporary differences, which will be taxable or deductible in determining taxable profit (tax loss) of future periods, and non-taxable or non-deductible items from the accounting profit. Deferred tax Deferred tax is recognized, using the asset and liability method, in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the deductible temporary differences, unused tax losses and unrecognized tax credit carryforwards can be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and deferred tax assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. The Company recognizes a deferred tax liability for all taxable temporary differences associated with investments in subsidiaries, associates, and interests in joint ventures, except to the extent that the Company is able to control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that the differences relating to investments in subsidiaries, associates and joint ventures will reverse in the foreseeable future and taxable profit will be available against which the temporary difference can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. The Company offsets deferred tax assets and deferred tax liabilities if, and only if the Company has a legally enforceable right to set off current tax assets against current tax liabilities and the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Captivision inc., the Controlling Company presents basic and diluted earnings (loss) per share (“EPS”) data for its common stocks. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Controlling Company by the weighted average number of common stocks outstanding during the period. The equity structure in the consolidated financial statements following a reverse acquisition reflects the equity structure of the legal acquirer (the accounting acquiree), including the equity interests issued by the legal acquirer to effect the De-SPAC transaction. In calculating the weighted average number of ordinary shares outstanding (the denominator of the earnings per share calculation) during the period in which the reverse acquisition occurs: (a) the number of ordinary shares outstanding from the beginning of that period to the acquisition date shall be computed based on the weighted average number of ordinary shares of the legal acquiree (accounting acquirer) outstanding during the period multiplied by the exchange ratio (0.8008) established in the merger agreement; and (b) the number of ordinary shares outstanding from the acquisition date to the end of that period shall be the actual number of ordinary shares of the legal acquirer (the accounting acquiree) outstanding during that period. To reflect equity structure of the legal acquirer (the accounting acquiree) The basic earnings per share for each comparative period before the acquisition date presented in the consolidated financial statements following a reverse acquisition shall be calculated by dividing: (a) the profit or loss of the legal acquiree attributable to ordinary shareholders in each of those periods by (b) the legal acquiree’s historical weighted average number of ordinary shares outstanding multiplied by the exchange ratio(0.8008) established in the acquisition agreement.
Dividend	Dividend Dividend distribution to the Company’s shareholders is recognized as a liability in the financial statements in the period in which the dividends are approved by the Company’s shareholders.
Information by revenue categories	Information by revenue categories Revenue: The Company consists of a single operating segment. (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Product 12,276,442 12,984,977 8,096,808 Merchandise — 3,309,138 662,960 Service 1,600,321 3,897,820 606,448 Rent — — 48,903 Distribution right (*) 760,000 Total 14,636,763 20,191,935 9,415,119 (*) On March 27, 2023, Captivision Korea and GLAAM Malaysia Sdn. Bhd made an exclusive distribution and license agreement. Per the agreement, in consideration for the exclusive territorial distribution rights and license granted to, GLAAM Malaysia Sdn. Bhd paid a royalty payment of total USD 760,000 . Information about key customers One key customer, Eirad Limited Company, during the twelve months ended December 31, 2023, accounted for more than 10% of the Company's sales.
Critical Accounting Estimates and Assumptions	Critical Accounting Estimates and Assumptions The Company makes estimates and assumptions concerning the future. The estimates and assumptions are continuously evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the current circumstances. Actual results may differ from these estimates.
Reverse acquisition	Reverse acquisition The acquisition of the share capital of Captivision Korea by the Company whereby Captivision Korea becomes a wholly owned and legal subsidiary of the Company, constitutes a reverse acquisition as the previous shareholders of Captivision Korea own a substantial majority of the Ordinary Shares of the Company. Because Captivision, as the accounting acquiree, does not meet the definition of a business, the transaction will be accounted for as a share-based payment transaction in accordance with IFRS 2 whereby Captivision Korea was deemed to have issued shares in exchange for the net assets and listing status of Captivision. The deemed consideration was the fair value of the shares that Captivision Korea would have had to issue to Captivision to acquire the same percentage equity interest in the combined entity that results from the reverse acquisition. Reverse acquisition related expenses consist of the reverse acquisition expense and Nasdaq listing expense and are explained as follows. (a) The reverse acquisition expense represents the premium paid for obtaining the public listing and is calculated the difference between the fair value of the deemed consideration and the fair value of the net assets acquired and is a non-recurring expense. (b) Nasdaq listing expense primarily consists of legal and other professional fees incurred in preparation for and execution of the De-SPAC transaction, which are non-recurring. Reverse acquisitions (Preparation and presentation of consolidated financial statements)- Consolidated financial statements prepared following a reverse acquisition are issued under the name of the legal parent (accounting acquiree-Captivision) but described in the notes as a continuation of the financial statements of the legal subsidiary (accounting acquirer-Captivision Korea), with one adjustment, which is to adjust retroactively the accounting acquirer’s legal capital to reflect the legal capital of the accounting acquiree. That adjustment is required to reflect the capital of the legal parent (the accounting acquiree). Comparative information presented in those consolidated financial statements also is retroactively adjusted to reflect the legal capital of the legal parent (accounting acquiree).

General Information, Statemen_2

General Information, Statement of Compliance with IFRS and Going concern assumption (Tables)	12 Months Ended
	Dec. 31, 2023
General information, Statement of Compliance with IFRS and Going concern assumption [Abstract]
Schedule of ownership percentages	Consolidated subsidiaries of the Company as of December 31, 2023, are as follows. Name of the subsidiary Major business activities Shareholding % Captivision Korea, Inc. (formerly known as GLAAM Co., Ltd.) Manufacture & distribute G-Glass 100.00 % Jaguar Global Growth Korea Co., Ltd. Exchange subsidiary 100.00 % As a subsidiary of the Company, Captivision Korea, Inc. has consolidated subsidiaries as of December 31, 2023, as follows. Name of the subsidiary Major business activities Shareholding % G-Frame Co., Ltd. (G-Frame) Manufacture G-Glass related products 100.00 % G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) Distribute G-Glass 76.55 % G-SMATT Tech Distribute G-Glass 100.00 % G-SMATT America Distribute G-Glass 54.63 % Consolidated Subsidiaries as of December 31, 2022 Name of the subsidiary Major business activities Shareholding % G-Frame Co., Ltd. (G-Frame) Manufacture G-Glass related products 100.00 % G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) (*) Distribute G-Glass 76.55 % G-SMATT Tech Distribute G-Glass 100.00 % G-SMATT America (**) Distribute G-Glass 54.63 % (*) On November 30, 2022, G-SMATT Europe acquired 100 % ownership of Inflectix Limited (“Inflectix”) as a wholly owned subsidiary for USD 301,654 . Inflectix was incorporated on July 11, 2018, by Orhan Ertughrul, G-SMATT Europe’s chief executive officer. It is located in Gloucestershire, United Kingdom and provides high level technical expertise service in biotechnology investment consulting field. (**) In 2022, certain minority shareholders of G-SMATT America Co., Ltd (an equity method associate located in CA, USA) sold all their shares, a total of 1,470,116 shares, to the Company. As a result, the Company’s ownership in G-SMATT America Co., Ltd. increased by 12.00 % from 42.63 % to 54.63 % and became the major shareholder. G-SMATT America Co., Ltd. is subject to consolidation from the date of the majority ownership change on July 1, 2022.
Schedule of information of subsidiaries before elimination of intercompany transactions	Information of subsidiaries as of and for the twelve months ended December 31, 2023 (before elimination of intercompany transactions): (Unit: USD) Name of the Assets Liabilities Sales Net income Comprehensive G-Frame 4,327,690 6,976,169 1,330,525 ( 770,472 ) ( 963,675 ) G-SMATT Europe 335,725 7,037,675 528,274 ( 1,992,481 ) ( 2,336,322 ) G-SMATT Tech 5,123 6,077,379 776 ( 77,173 ) ( 56,037 ) G-SMATT America 31,698 3,558,071 365,164 ( 3,948,508 ) ( 3,893,128 ) Information of subsidiaries as of and for the twelve months ended December 31, 2022 (before elimination of intercompany transactions): (Unit: USD) Name of the Assets Liabilities Sales Net income Comprehensive G-Frame 7,558,305 6,826,664 1,563,390 ( 1,313,838 ) ( 1,423,354 ) G-SMATT Europe 1,451,597 5,908,020 208,741 ( 955,207 ) ( 761,722 ) G-SMATT Tech 74,730 6,245,793 37,607 ( 537,693 ) ( 130,280 ) G-SMATT America (*) 3,413,876 3,001,074 3,271,530 ( 3,116,733 ) ( 3,255,977 ) (*) Sales, net income (loss) and comprehensive income (loss) associated with G-SMATT America were recognized for six months from the date of majority ownership change by the Company.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of voluntary change in accounting policy [abstract]
Estimated Useful Lives of Assets	Estimated useful lives of the assets are as follows: Items Estimated useful lives (years) Buildings and structures 40 Machinery 10 Others 5
Information by revenue categories	Revenue: The Company consists of a single operating segment. (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Product 12,276,442 12,984,977 8,096,808 Merchandise — 3,309,138 662,960 Service 1,600,321 3,897,820 606,448 Rent — — 48,903 Distribution right (*) 760,000 Total 14,636,763 20,191,935 9,415,119

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and cash equivalents [abstract]
Summery of Cash and Cash Equivalents	Cash and cash equivalents as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Cash and cash equivalent breakdown As of December 31, 2023 As of December 31, 2022 Cash 4,402 6,566 Current account 472,313 190,061 Total 476,715 196,627

Financial Instruments by Cate_2

Financial Instruments by Categories (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]
Summary of the Financial Instruments	Financial Instruments as of December 31, 2023, by categories are as follows: (Unit: USD) As of December 31, 2023 Assets in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Cash and cash equivalents 476,715 — — 476,715 Trade receivables 4,176,766 — — 4,176,766 Other current financial assets 73,284 — — 73,284 Non-current financial assets — 107,862 — 107,862 Lease deposits 186,573 — — 186,573 Other deposits — — — — Total 4,913,338 107,862 — 5,021,200 (Unit: USD) As of December 31, 2023 Liabilities in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Trade payables 6,220,562 — — 6,220,562 Short-term borrowings 13,511,319 — — 13,511,319 Convertible Bonds(*) 1,961,792 — — 1,961,792 Current portion of long-term borrowings 1,620,136 — — 1,620,136 Current portion of lease liabilities 165,294 — — 165,294 Long-term borrowings 4,864,373 — — 4,864,373 Derivative warrant liabilities — — 2,018,349 2,018,349 Long-term lease liabilities 13,943 — — 13,943 Total 28,357,419 — 2,018,349 30,375,768 (*) On March 23, 2023, the Company issued a convertible bond (“CB”) to Charm Savings Bank in an aggregate principal amount of $ 1,931,203 , equivalent to KRW 2,500,000,000 . The CB accrues interest at an annual rate of 10 % and is due to mature on March 23, 2024 . Financial Instruments as of December 31, 2022, by categories are as follows: (Unit: USD) As of December 31, 2022 Assets in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Cash and cash equivalents 196,627 — — 196,627 Trade receivables 697,999 — — 697,999 Other current financial assets 1,035,930 — — 1,035,930 Non-current financial assets — 107,890 — 107,890 Lease deposits 207,825 — — 207,825 Other deposits 4,307,756 — — 4,307,756 Total 6,446,137 107,890 — 6,554,027 (Unit: USD) As of December 31, 2022 Liabilities in Financial Position Financial assets at amortized cost Financial assets at fair value through profit and loss Others Total Trade payables 7,184,181 — — 7,184,181 Short-term borrowings 11,863,506 — — 11,863,506 Current portion of long-term borrowings 2,001,142 — — 2,001,142 Current portion of lease liabilities 108,488 — — 108,488 Long-term borrowings 4,741,358 — — 4,741,358 Leasehold deposit received 69,836 — — 69,836 Long-term lease liabilities 24,694 — — 24,694 Total 25,993,205 — — 25,993,205

Trade Receivables (Tables)

Trade Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Trade receivables current and non current [abstract]
Summary of Trade Receivables	Trade receivables as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 As of December 31, 2022 Classification Current Non-current Current Non-current Trade receivables 6,625,671 — 697,999 — Allowance for bad debts ( 2,448,905 ) — — — Net Trade receivables 4,176,766 — 697,999 —

Other Current Financial Assets

Other Current Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Categories of current financial assets [abstract]
Summary of Other Current Financial Assets	Other current financial assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Net, Short-term loan — 639,491 Short-term loan 386,241 639,491 Allowance for bad debts (*) ( 386,241 ) — Accrued income 1,840 76,649 Net, Outstanding amount (Receivables) 71,444 319,790 Outstanding amount (Receivables) 4,163,001 319,790 Allowance for bad debts (**) ( 4,091,557 ) — Total 73,284 1,035,930 (*) As of December 31, 2023, the Company has an outstanding borrowing receivable amounting to USD 386,241 extended to individual, Dongmin Kim. Despite efforts to collect, communication with Dongmin Kim has been unsuccessful, leading to concerns about the recoverability of this borrowing. Given the lack of response and the diminished likelihood of collection, the Company has determined it prudent to recognize a full allowance for doubtful accounts for the entire outstanding balance of USD 386,241 . (**) On February 9, 2023, the Company entered into an agreement with BioX to transfer ownership of assets valued at USD 4,091,557 related to deposits receivable from Trinit Co., Ltd. (subsequently renamed Yongsan Holdings Co., Ltd.). The Company has recognized a full allowance for doubtful accounts on the entire outstanding balance of USD 4,091,557 as it is doubtful that BioX will collect the deposit from Yongsan Holdings Co., Ltd.

Prepayments and Other Short-t_2

Prepayments and Other Short-term Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Prepayments and accrued income including contract assets [abstract]
Summary of Prepayments and Other Short-term Assets	Prepayments and other short-term assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Net, Advanced payments 779,219 1,503,365 Advanced payments 1,211,891 1,503,365 Allowance for bad debts (*) ( 432,672 ) — Prepaid expenses 390,176 17,552 Total 1,169,395 1,520,917 (*) During the assessment, the management identified that USD 432,672 of advance payment in relation to raw material purchase has been aged over a year without significant movement in the balance as of December 31, 2023. Consequently, the Company has determined to recognize an allowance for doubtful on the balance of USD 432,672 as of December 31, 2023.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Classes of current inventories [abstract]
Summary of Inventories	Inventories as of December 31, 2023, are as follows: (Unit: USD) As of December 31, 2023 Classification Acquisition cost Provision for valuation of inventory Book value Products 3,234,508 — 3,234,508 Raw material 1,729,744 ( 218,321 ) 1,511,423 Total 4,964,252 ( 218,321 ) 4,745,931 Inventories as of December 31, 2022, are as follows: (Unit: USD) As of December 31, 2022 Classification Acquisition cost Provision for valuation of inventory Book value Products 4,671,074 — 4,671,074 Raw material 1,246,042 ( 202,764 ) 1,043,278 Total 5,917,116 ( 202,764 ) 5,714,352

Non-current financial assets (T

Non-current financial assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of financial assets [abstract]
Disclosure of changes in non-current financial Assets	Non-current financial assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Fair value of membership in Construction Association of Republic of Korea 107,862 107,890 Total 107,862 107,890 (Unit: USD) As of December 31, 2023 As of December 31, 2022 Beginning balance 107,890 114,520 Revaluation (after corporate income tax) 2,688 — Disposition — — Foreign currency translation differences for foreign operations ( 2,716 ) ( 6,630 ) Endling balance 107,862 107,890

Investments Accounted for usi_2

Investments Accounted for using the Equity Method (Tables)	12 Months Ended
	Dec. 31, 2023
Investments accounted for using equity method [abstract]
Summary of Investment Accounted for using the Equity Method	Investment accounted for using the equity method as of December 31, 2023, and December 31, 2022, are as follows: As of December 31, 2023 Classification Company Captivision G-FRAME stake holding ratio Location Financial statement date Business type Chenjin chungjeolneung Ltd. 33.00 % 0.00 % China 2023.12.31 Manufacturing Associates G-SMATT JAPAN 28.73 % 11.43 % Japan 2023.12.31 Retail G-SMATT HONGKONG 20.00 % 7.40 % Hongkong 2023.12.31 Retail As of December 31, 2022 Classification Company Captivision G-FRAME stake holding ratio Location Financial statement date Business type Chenjin chungjeolneung Ltd. 33.00 % — China 2022.12.31 Manufacturing Associates G-SMATT JAPAN 28.73 % 11.43 % Japan 2022.12.31 Retail G-SMATT HONGKONG 20.00 % 7.40 % Hongkong 2022.12.31 Retail (Unit: USD) As of December 31, 2023 Company Net asset (a) Stake holding ratio (b) Net asset applied to stake holding ratio (a*b) Goodwill Book value Chenjin chungjeolneung Ltd. ( 5,457,201 ) 33.00 % — — — G-SMATT JAPAN 5,426,723 40.16 % — — — G-SMATT HONGKONG ( 4,538,121 ) 27.40 % — — — Total — (Unit: USD) As of December 31, 2022 Company Net asset (a) Stake holding ratio (b) Net asset applied to stake holding ratio (a*b) Goodwill Book value Chenjin chungjeolneung Ltd. ( 5,326,269 ) 33.00 % — — — G-SMATT JAPAN 4,818,011 40.16 % 1,934,913 842,603 2,777,515 G-SMATT HONGKONG ( 3,454,134 ) 27.40 % — — — Total 2,777,515
Summary of Financial Statements	Summary financial statements for associates are follows: As of December 31, 2023 Classification Company Assets Liabilities Sales Net income (loss) Comprehensive income Chenjin chungjeolneung Ltd. 26,554,391 32,011,592 — ( 284,857 ) ( 284,857 ) Associates G-SMATT JAPAN 12,112,804 6,686,081 6,006,248 1,093,101 1,093,101 G-SMATT HONGKONG 283,826 4,821,947 — ( 1,121,665 ) ( 1,121,665 ) (Unit: USD) As of December 31, 2022 Classification Company Assets Liabilities Sales Net income (loss) Comprehensive income Chenjin chungjeolneung Ltd. 27,316,845 32,703,114 25,508 ( 1,916,458 ) ( 1,916,458 ) Associates G-SMATT JAPAN 10,649,564 5,831,552 5,333,686 ( 260,617 ) ( 250,773 ) G-SMATT HONGKONG 377,895 3,832,029 — ( 317,048 ) ( 317,048 )

Tangible Assets (Tables)

Tangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Property, plant and equipment [abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Disposal Depreciation Impairments Others (*) Ending Lands 5,449,778 — — — — ( 137,200 ) 5,312,578 Buildings 3,214,244 — — ( 122,017 ) — ( 82,036 ) 3,010,192 Structures 9,974 — — ( 596 ) — ( 258 ) 9,121 Machineries 2,085,058 173,609 — ( 316,424 ) ( 19,004 ) ( 53,326 ) 1,869,913 Vehicles 16,111 — ( 1 ) ( 3,612 ) — ( 439 ) 12,059 Tools 12,786 — — ( 12,373 ) — ( 181 ) 232 Furniture 67,591 17,606 — ( 37,222 ) — ( 3,109 ) 44,867 Facilities 64,781 — — ( 19,751 ) — ( 1,812 ) 43,218 ROU assets 134,847 298,077 ( 1,589 ) ( 244,122 ) — ( 2,915 ) 184,298 Total 11,055,170 489,292 ( 1,590 ) ( 756,117 ) ( 19,004 ) ( 281,273 ) 10,486,478 (*) Others are due to differences in foreign currency translations associated with overseas subsidiaries. (Unit: USD) As of December 31, 2022 Classification Beginning Acquisition Addition from acquisition Depreciation Disposal Others (*) Ending Lands 4,543,328 3,233,219 — — ( 2,090,933 ) ( 235,836 ) 5,449,778 Buildings 7,343,309 2,152,654 — ( 234,555 ) ( 5,535,877 ) ( 511,287 ) 3,214,244 Structures 448,653 — — ( 11,520 ) ( 391,586 ) ( 35,573 ) 9,974 Machineries 2,972,429 1,179,928 — ( 643,617 ) ( 1,234,535 ) ( 189,147 ) 2,085,058 Vehicles 2,328 18,262 — ( 4,667 ) — 188 16,111 Tools 20,874 — 23,268 ( 15,195 ) ( 1 ) ( 16,160 ) 12,786 Furniture 45,287 21,672 116,985 ( 25,217 ) — ( 91,136 ) 67,591 Facilities 273,904 — — ( 187,572 ) ( 1,198 ) ( 20,353 ) 64,781 ROU assets 359,543 24,525 — ( 223,981 ) — ( 25,240 ) 134,847 Total 16,009,655 6,630,260 140,253 ( 1,346,324 ) ( 9,254,130 ) ( 1,124,544 ) 11,055,170 (*) Others are due to differences in foreign currency translations associated with overseas subsidiaries.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about intangible assets [abstract]
Intangible assets	Intangible assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Disposal Amortization Impairment Difference in Foreign currency translation Ending Industrial rights 59,339 — ( 1,912 ) ( 22,252 ) ( 1,715 ) 33,460 Software 134,639 15,309 — ( 85,550 ) ( 4,033 ) 60,365 Trademark 27 — — ( 19 ) ( 1 ) 7 Distribution rights (*) 5,845,516 — — ( 1,739,537 ) ( 4,070,331 ) ( 35,648 ) — Total 6,039,521 15,309 ( 1,912 ) ( 1,847,358 ) ( 4,070,331 ) ( 41,397 ) 93,832 (Unit: USD) As of December 31, 2022 Classification Beginning Addition from acquisition Amortization Impairment Difference in Foreign currency translation Ending Industrial rights 94,276 — ( 28,793 ) — ( 6,144 ) 59,339 Software 251,108 — ( 99,561 ) — ( 16,908 ) 134,639 Trademark 399 — ( 341 ) — ( 31 ) 27 Distribution rights (*) 3,903,251 3,540,675 (*) ( 1,309,611 ) — ( 288,799 ) 5,845,516 Total 4,249,034 3,540,675 ( 1,438,306 ) — ( 311,882 ) 6,039,521 (*) Distribution rights added from consolidation of G-Smatt America

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Miscellaneous non-current assets [abstract]
Summary of Non-current Assets	Other non-current assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Leasehold deposits, net (*) 186,573 207,825 Other deposits (**) — 4,307,756 Total 186,573 4,515,581 (*) Related to the lease deposit paid for the office, warehouse, employees’ dormitory, and corporate leased vehicle. (**) As of December 31, 2022, other deposits are entirely composed of escrowed deposit related to Trinit Co., Ltd. (“Trinit”, subsequently changed its name to Yongsan Holdings Co., Ltd.) in conjunction with disposal of “G-SMATT Global Co., Ltd.” in 2019. On February 9, 2023, the Company entered into an agreement with BioX to transfer its ownership of the assets related to Trinit (subsequently renamed Yongsan Holdings Co., Ltd.). The Company has recognized a full allowance for doubtful accounts on the entire outstanding balance of USD 4,091,557 as it is doubtful that BioX will collect the deposit from Yongsan Holdings Co., Ltd.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Presentation of leases for lessee [abstract]
Summary of Changes in Right-of-Use Assets	Changes in Right-of-Use assets as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Depreciation Change in contract Contract termination Loss from translating foreign operations Ending Buildings 104,083 276,290 ( 217,724 ) — ( 1,589 ) ( 2,098 ) 158,962 Vehicles 30,764 21,787 ( 26,398 ) — — ( 817 ) 25,336 Total 134,847 298,077 ( 244,122 ) — ( 1,589 ) ( 2,915 ) 184,298 (Unit: USD) As of December 31, 2022 Classification Beginning Acquisition Depreciation Change in contract Contract termination Loss from translating foreign operations Ending Buildings 304,063 24,525 ( 202,977 ) 6,612 ( 6,425 ) ( 21,715 ) 104,083 Vehicles 55,480 — ( 21,004 ) — — ( 3,712 ) 30,764 Total 359,543 24,525 ( 223,981 ) 6,612 ( 6,425 ) ( 25,427 ) 134,847
Summary of Changes in Lease Liabilities	Changes in lease liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Acquisition Interest Payments Change in contract Contract termination Loss from transacting foreign operations Ending Liabilities 133,182 281,854 16,033 ( 247,419 ) — ( 1,510 ) ( 2,903 ) 179,237 (Unit: USD) As of December 31, 2022 Classification Beginning Acquisition Interest Payments Change in contract Contract termination Loss from transacting foreign operations Ending Liabilities 350,973 21,801 15,601 ( 231,156 ) 6,305 ( 5,555 ) ( 24,787 ) 133,182
Schedule of Amounts Recognized in Net Profit or Loss	Amount recognized of profit or loss in relation to the lease is as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Right-of-Use assets Buildings 217,724 202,977 Vehicles 26,398 21,004 Subtotal 244,122 223,981 Interest expense relating to lease liabilities 16,033 15,601 Expense relating to leases of low-value assets that are not short-term leases 23,011 16,572 Expense relating to short-term leases 276,400 117,784 Miscellaneous loss (profit) ( 90 ) ( 54 ) Subtotal 315,354 149,903 Total 559,476 373,884
Summary of Amounts Recognized in Consolidated Statements of Cash Flows	The total cash payments for leases for the twelve months ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Repayments of lease (Cash Flow) 247,419 231,156 Expense relating to leases of low-value assets that are not short-term leases 23,011 16,572 Expense relating to short-term leases 276,400 117,784 Total Cash payments for leases 546,830 365,512

Insured Assets (Tables)

Insured Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Insurance assets [abstract]
Summary of Insurance assets	Insured assets as of December 31, 2023, are as follows: (Unit: USD) Insurance Insured assets Insured amount Notes Package Insurance Buildings, machineries, inventories etc. 15,604,119 Meritz fire Fire insurance Buildings, machineries, inventories etc. 2,667,686 Meritz fire Car insurance Cars 19,235 Hyundai insurance, etc. Total 18,291,040 Insured assets as of December 31, 2022, are as follows: (Unit: USD) Insurance Insured assets Insured amount Notes Package Insurance Buildings, machineries, inventories etc. 16,007,100 Hyundai insurance Fire insurance Buildings, machineries, inventories etc. 2,736,579 Meritz fire Car insurance Cars 22,457 Hyundai insurance Total 18,766,136

Other Current Payables and Li_2

Other Current Payables and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Other current payables and liabilities [abstract]
Summary of Other current payables	Other payables as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Non-trade Payables (*) 25,324,072 4,132,680 Accrued Expense 1,518,801 1,558,085 Total 26,842,873 5,690,765 (*) As of December 31, 2023, the balance of non-trade payables primarily consists of USD 17,361,197 of legal and other professional fees incurred in preparation for and execution of the De-SPAC transaction, which are non-recurring. The Company has entered into deferred fee agreements ("DFA") with numerous transaction advisors to spread payments over two years. The current balance represents 50 % of the total deferred fee payables.
Summary of Other current liabilities	Other current liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Withholdings 21,184 15,086 Value added tax withheld 207,310 208,186 Advance Received 746,417 576,299 Total 974,911 799,571

Other Non-current Payables an_2

Other Non-current Payables and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of other non-current payables and liabilities [abstract]
Schedule of Other Non-Current Payables	Other non-current payables as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Long-term Accounts Payable (*) 7,838,339 32,062 (Present Value Discount) — ( 236 ) Total 7,838,339 31,826
Schedule of Other Non-Current Liabilities	Other non-current liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Long-term Leasehold Deposits Received — 69,836 Total — 69,836

Product Warranty Provision (Tab

Product Warranty Provision (Tables)	12 Months Ended
	Dec. 31, 2023
Warranty provision [abstract]
Summary of Product Warranty Provision	The Company provides maximum of two years of warranty for all products. The amount of product warranty provision as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Product warranty provision 30,957 36,099 Total 30,957 36,099

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about borrowings [abstract]
Summary of borrowings	Borrowings as of December 31, 2023, are as follows: (Unit: USD) Type of borrowing Borrowing from Interest rate As of December 31, 2023 Short-term borrowings SBI Savings Bank 9.37 % 672,059 KEB Hana Bank 5.59 % 1,158,722 Whale Investment 8.00 % 3,476,165 Samsung Securities Co., Ltd 6.0 % 619,916 Powergen 11.0 % 749,307 Ulmus-Solon Technology Investment Partnership 6.00 % 247,966 Yu Ha Asset 12.00 % 772,481 William Isam Company 4.00 % 190,632 BioX 5.0 % 314,846 Others 1 %~ 36 % 5,309,225 Subtotal 13,511,319 Current portion of long-term liabilities United asset management Ltd. 6 ~ 7.38 % 1,620,136 Convertible bond Charm Savings Bank 10.0 % 1,961,792 Long-term Borrowings KEB Hana Bank 5.90 % 4,248,646 Others 2.5 ~ 5 % 615,727 Subtotal 4,864,373 Total 21,957,620 (*) On August 21, 2023, Charm Savings Bank and Bluming Innovation Co., Ltd (“Purchaser”) executed a convertible bond purchase agreement for the sale and transfer of a convertible bond with an aggregate principal amount of $ 1,931,203 , equivalent to KRW 2,500,000,000 to the Purchaser. Joon Soo Jeon and Daesun, Inc. purchased CB from Bluming Innovation for amounts of $ 1,004,226 , equivalent to KRW 1,300,000,000 and $ 926,977 , equivalent to KRW 1,200,000,000 on February 19 and April 1, 2024, respectively. As the maturity extended, Joon Soo Jeon and Daesun, Inc. are in discussion with the Company to convert the CB into common shares of the Company. Borrowings as of December 31, 2022, are as follows: (Unit: USD) Type of borrowing Borrowing from Interest rate As of December 31, 2022 Short-term borrowings Whale No.1 M&A Private Equity Joint Venture for Small and Medium Enterprises 8.00 % 3,565,938 Medium Enterprises Samsung Securities Co., Ltd. 6.00 % 635,926 Ulmus-Solon Technology Investment Partnership 6.00 % 254,370 6.00 % 132,177 Han Partners 6.00 % 82,611 6.00 % 66,089 6.00 % 8,262 Kookmin Bank 8.15 % 285,275 8.15 % 633,945 Sung Soo Lee 7.90 % 2,377,292 SBI savings bank 7.38 % 729,036 William Isam Company 4.00 % 189,407 Others 5.00 % 2,903,178 Subtotal 11,863,506 Current portion of long-term liabilities United asset management Ltd. 6 ~ 7.38 % 2,001,142 Long-term Borrowings MG Saemaul Credit Union (Sannam) 9.00 % 3,565,938 MG Saemaul Credit Union (Sannam) 8.70 % 792,431 Others 2.50 % 45,397 Others 5.00 % 337,592 Subtotal 4,741,358 Total 18,606,006

Pension and Other Employee Ob_2

Pension and Other Employee Obligations (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of performance obligations [abstract]
Schedule of Net Defined Benefit Obligation	Defined benefit liabilities as of December 31, 2023, and December 31, 2022, are as follows: (Unit: USD) Classification As of As of Present value of defined benefit obligations 1,942,451 1,459,979 Fair value of plan assets ( 116,768 ) ( 118,121 ) Net defined benefit obligations 1,825,683 1,341,858
Schedule of Changes in the Defined Benefit Obligation and Planned Assets	The details of changes in the defined benefit obligation are as follows: (Unit: USD) Classification As of As of Beginning 1,459,979 1,174,807 Current service cost 394,636 286,420 Re-measurement element - Actuarial gain due to changes in financial assumptions 279,938 360,625 Payment made ( 157,519 ) ( 293,684 ) Foreign currency translation differences for foreign operations ( 34,583 ) ( 68,189 ) Ending 1,942,451 1,459,979 The details of changes in the planned assets are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Beginning 118,121 123,845 Re-measurement Element - Gain from plan assets 6,455 3,287 - Actuarial gain due to changes in financial assumptions ( 4,894 ) ( 1,919 ) Foreign currency translation differences for foreign operations ( 2,914 ) ( 7,092 ) Ending 116,768 118,121
Schedule of Composition of Planned Assets	The details of the composition of planned assets are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Deposit 116,768 118,121
Summary of Major Actuarial Assumptions	The details of major actuarial assumptions are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 Expected salary increase rate 4,50 % 4,50 % Discount rate 4.32 % 5.18 %

Share Capital (Tables)

Share Capital (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
Disclosure of Classes of Share Capital	Share capital as of December 31, 2023, is as follows: As of December 31, 2023 Number of ordinary Share capital Classification shares $ Inception, February 24, 2023 – par value $ 0.0001 1 0 Cancellation of treasury shares ( 1 ) ( 0 ) Shares issued in merger with JGGC 11,870,336 1,187 Shares issued in exchange for Captivision Korea 17,109,492 1,711 December 31, 2023 – par value $ 0.0001 28,979,82 8 2,898

Other Capital Items and Accum_2

Other Capital Items and Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2023
Other capital items and accumulated other comprehensive income [abstract]
Summary of Other Capital Items and Accumulated Other Comprehensive Income	Details of other capital items and accumulated other comprehensive income as of December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification As of December 31, 2023 As of December 31, 2022 As of December 31, 2021 Changes in equity from equity method ( 353,543 ) ( 353,543 ) 6,796 Stock options 4,830,518 2,297,697 1,609,809 Treasury stock (*) ( 568,467 ) — — Gains on sale of treasury stock ( 410,453 ) ( 410,453 ) 836,922 Consideration for conversion rights 98,951 — — Other capital surplus ( 51,043 ) ( 51,043 ) ( 57,795 ) Total 3,545,963 1,482,658 2,395,732 (*) The treasury stock pertains to shares repurchased by the Company from Captivision Korea shareholders who opted for redemption in connection with the De-SPAC transaction.
Summary of Accumulated Other Comprehensive Income	The composition of accumulated other comprehensive income as of December 31, 2023, and 2022 are as follows: (Unit: USD) As of December 31, 2023 Classification Beginning Increase Re-classification into profit and loss Ending Gain from FVOCI — 2,688 2,688 Exchange difference on translating foreign operations 1,933,924 ( 1,184,069 ) 749,855 Total 1,933,924 ( 1,181,381 ) — 752,543 (Unit: USD) As of December 31, 2022 Classification Beginning Increase Re-classification into profit and loss Ending Exchange difference on translating foreign operations 1,304,641 629,283 — 1,933,924 Total 1,304,641 629,283 — 1,933,924 (Unit: USD) As of December 31, 2021 Classification Beginning Increase Re-classification Ending Gain or loss from FVOCI ( 2,268,168 ) ( 115,808 ) 2,383,976 — Exchange difference on translating foreign operations ( 22,641 ) 1,327,282 — 1,304,641 Total ( 2,290,809 ) 1,211,474 2,383,976 1,304,641

Selling and Administrative Ex_2

Selling and Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Selling, general and administrative expense [abstract]
Summary of Selling and Administrative Expenses	Details of selling and administrative expenses for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Salaries 2,348,048 2,124,171 2,712,236 Sundry allowances 110,106 91,199 79,529 Miscellaneous salaries — 9,288 11,894 Severance benefit 198,097 158,813 228,936 Employee benefits 276,654 252,445 241,410 Travel expenses 314,736 268,660 209,412 Entertainment expenses 75,260 37,393 34,537 Communication expenses 22,156 14,593 17,502 Utilities 7,285 18,398 9,626 Electricity 64,427 52,249 46,764 Taxes and dues 120,438 121,199 274,993 Depreciation 303,608 411,596 479,139 Rent 363,459 195,134 71,008 Repairing cost 10,939 106,354 6,755 Insurance 212,261 27,816 33,332 Vehicle maintenance 11,313 4,574 10,797 Research and development expenses 750,309 300,486 927,206 Transportation 183,664 308,279 156,697 Training 828 12 2,240 Publication expenses 17,772 17,819 10,934 Packing charge — — 8,568 Office supplies 26,475 26,043 12,496 Consumable supplies 37,747 39,790 25,353 Commission 1,093,270 484,107 514,879 Professional fee 1,907,205 1,358,068 3,191,779 Advertisement expense 349,661 225,067 70,549 Export expense — — 7,149 Bad debt expenses 2,427,642 46,005 15,586,247 Product warranty expense 29,637 5,503 33,573 Miscellaneous expense 7,788 19,116 20,370 Amortization 1,750,177 1,412,799 1,046,403 Employee share compensation Cost 2,532,821 687,888 277,638 Safety — 2,755 3,844 Total 15,553,783 8,827,619 26,363,795

Finance Income and Finance Co_2

Finance Income and Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of finance income and finance costs [abstract]
Summary of Details of Finance Income	Details of finance income for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Interest Income 13,643 39,966 202,432 Gain from foreign currency transactions 41,881 38,952 33,517 Gain from disposal of non-current financial assets — — 75,821 Gain from foreign currency translation(*) 78,600 74,596 110,252 Gain from discharge of indebtedness (**) — 4,079,520 3,694,237 Total 134,124 4,233,034 4,116,259 (*) Gain from foreign currency translation represents the increase in the value of foreign-denominated assets or liabilities when translated into the reporting currency due to change in exchange rates. (**) Gain from discharge of indebtedness was recognized from conversion of convertible bonds to equity which occurred in 2021 and 2022.
Summary of Details of Finance Costs	Details of finance costs for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Interest expense 2,466,238 919,446 1,876,001 Loss from foreign currency transactions 24,667 68,204 41,865 Loss from foreign currency translation (*) 127,190 133,181 78,570 Loss from valuation of CB 103,342 — — Change in fair value of derivative warrant liabilities 504,587 — — Total 3,226,024 1,120,831 1,996,436 (*) Loss from foreign currency translation represents the decrease in the value of foreign-denominated assets or liabilities when translated into the reporting currency due to change in exchange rates.

Other Income and Other Expens_2

Other Income and Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2023
Other income and other expenses [abstract]
Summary of Other Income	Details of other income for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Gain from equity method — — ( 171,147 ) Income from disposal of tangible assets 4,682 — 7,202 Reversal of allowance for bad debts 136,111 — 753,200 Miscellaneous income (*) 57,158 5,197,964 — Dividend income 827 1,839 — Total 198,778 5,199,803 589,255 (*) The amount for the year ended 2022 includes USD 5,144,961 of recognition of gain from goods returned from previous year’s sales.
Summary of Other Expenses	Details of other expenses for the years ended December 31, 2023, 2022 and 2021, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 Impairment loss from tangible Assets 19,004 — — Impairment loss from Intangible Assets 4,070,331 3,902,589 564,563 Loss from disposal of tangible assets — 3,246,343 1,518,115 Loss from disposal of intangible assets 1,912 — — Loss from disposal of investment in subsidiaries — — 13,318,419 Impairment loss from equity method investment 2,683,019 — — Loss from equity method investment — 535,268 — Loss from inventory impairment 214,378 5,645,992 8,415,311 Miscellaneous loss 440,332 1,364,824 5,267,980 Nasdaq Listing Expense 26,884,034 — — Reverse Acquisition Expense 18,736,326 — — Other allowance for other receivables and prepayments 4,865,907 436,674 10,127,381 Donation 37,508 37,926 — Total 57,952,751 15,169,616 39,211,769

Cash Flows (Tables)

Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2023
Cash flows [abstract]
Summary Of Cash Flows From Operating Activities	Cash flows from operating activities for the year ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 For the year ended 2021 a. Net loss ( 76,985,584 ) ( 7,892,168 ) ( 60,387,182 ) b. Adjustment 44,407,435 12,140,195 47,194,223 Corporate tax benefit 2,861,079 ( 1,511,696 ) ( 3,599,507 ) Depreciation 756,117 1,357,987 1,786,378 Amortization 1,847,358 1,457,310 1,792,358 Bad debt 2,427,642 46,005 15,395,091 Other bad debt 4,865,907 436,674 10,026,952 Stock compensation costs 2,532,821 687,888 277,638 Defined benefit expense 393,583 286,421 283,482 Interest expense 2,466,266 45,858 1,777,845 Loss on disposal of inventory 214,378 5,877,549 8,415,311 Loss on foreign currency translation 127,190 133,181 78,602 Loss on valuation of equity method — 535,268 1,518,115 Product warranty expense 29,637 5,503 33,573 Loss on raw material fair value evaluation — — 223,457 Loss on intangible assets impairments 4,070,331 3,902,589 564,563 Miscellaneous loss — ( 125,478 ) 7,652 R&D expenses — — 329,831 Loss on disposal of investment shares in subsidiaries — — 13,318,419 Loss from disposal of Intangible Assets 1,912 — — Loss on equity method investment Impairment 2,683,019 — — Loss from valuation of CB 103,342 — — Loss on tangible assets impairments 19,004 — — Change in fair value of derivative warrant liabilities 504,587 — — Reverse Acquisition Expense 18,736,326 — — Interest income ( 13,671 ) ( 54,931 ) ( 292,769 ) Gain from discharge of indebtedness — ( 4,079,520 ) ( 3,694,237 ) Gain from equity method — — ( 171,147 ) Gain from foreign currency translation ( 78,600 ) ( 74,596 ) ( 794,360 ) Gain from disposition of tangible assets ( 4,682 ) 3,246,343 ( 7,203 ) Gain from disposal of available-for-sale securities — — ( 75,821 ) Reversal of allowance for doubtful accounts ( 136,111 ) ( 32,160 ) — c. Changes in working capital 23,654,519 ( 9,624,762 ) 7,084,315 Decrease (increase) in trade receivables ( 5,874,476 ) 4,048,195 3,452,691 Decrease (increase) in other receivables 238,287 ( 150,198 ) ( 126,488 ) Decrease (increase) in accrued income ( 1,540 ) 161,931 454,728 Decrease (increase) in advance payments 251,324 1,503,205 ( 871,377 ) Decrease (increase) in prepaid expenses ( 373,039 ) 60,106 2,866 Decrease (increase) in inventory 602,700 ( 3,319,449 ) ( 1,230,342 ) Decrease (increase) in non-current accounts receivable — 639,402 372,898 Increase (decrease) in trade payables ( 1,206,844 ) ( 1,664,819 ) ( 446,568 ) Increase (decrease) in Non-trade Payables 22,381,641 ( 4,238,255 ) 5,342,932 Increase (decrease) in Withholdings 6,420 ( 180,093 ) 100,901 Increase (decrease) in value added tax withheld 4,325 203,344 ( 33,197 ) Increase (decrease) in advance income 182,951 ( 4,653,820 ) 50,436 Increase (decrease) in Accrued Expenses ( 51,069 ) ( 2,110,114 ) 394,142 Increase (decrease) in government subsidy — — ( 5,309 ) Increase (decrease) in value added tax receivable — 476,197 815 Increase (decrease) in Non-current Non-trade Payables 7,690,592 ( 106,709 ) ( 57,035 ) Payment of severance ( 162,922 ) ( 293,685 ) ( 316,557 ) Changes in retirement planned assets — — ( 1,221 ) Change in Product warranty provision ( 33,831 ) — — Cash flows generated from operating activities ( 8,923,630 ) ( 5,376,735 ) ( 6,108,644 )
Summary of Significant Transactions Without Cash Inflows and Outflows	Significant transactions without cash inflows and outflows for the year ended December 31, 2023, and 2022 are as follows: (Unit: USD) For the year For the year For the year Classification ended 2023 ended 2022 ended 2021 Debt conversion 5,747,682 3,017,247 8,411,278 Conversion of convertible bonds — 6,012,570 17,407,314 Conversion of shares in connection with the SPAC merger 20,228,171 — — Total 25,975,853 9,029,817 25,818,592

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Summary of Basic Earnings Per Share	Basic earnings per share are calculated by dividing the net income attributable to common stock by the number of common stocks in weighted average distribution, and the calculation details are as follows: Basic EPS Earnings (Loss) Weighted Per share amount 2023 ( 74,726,799 ) 18,451,377 ( 4.05 ) 2022 ( 5,892,144 ) 14,273,192 ( 0.41 ) 2021 ( 60,114,590 ) 5,928,439 ( 10.14 )

Reverse Acquisition (Tables)

Reverse Acquisition (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of detailed information about business combination [abstract]
Fair Value of Net Assets	(Unit: USD) Fair value of net assets of Captivision comprising: USD Cash and cash equivalents 3,005,606 Warrants Liabilities ( 1,513,761 ) Fair value of net assets 1,491,845 Less : Fair value of consideration comprising 11,870,336 Captivision Inc. Conversion of shares in connection with the SPAC merger (*) 20,228,171 Reverse Acquisition Expense recognized in Consolidated Statement of Profit and Loss 18,736,326 (*) Captivision Inc. Conversion of shares in connection with the SPAC merger are as follows: Shareholders Shares(A) Price per shares(B) Total Value(C=AxB) Former JGGC Shareholders (*) 11,708,336 1.70 19,904,171 Cohen and Outside the Box (**) 162,000 2.00 324,000 Total 11,870,336 20,228,171 (*) Price per share was applied as the closing price of Captivision Share price on November 15, 2023. (**) Price per share was applied as Volume Weighted Average Price (“VWAP”) ($ 2.00 ) according to F-1/A.
Summary of Exceptional Costs	The exceptional costs within the Consolidated Statement of Profit and Loss for the year ended December 31, 2023, comprised: (Unit: USD) 2023 Reverse acquisition expense 18,736,326 Nasdaq listing expenses 26,884,034 Total 45,620,360

Warrant Liability (Tables)

Warrant Liability (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of warrant liability [abstract]
Summary of changes in fair value of warrant liabilities	These Private Warrants and Founder Warrants also classified as Level 2 liabilities as of December 31, 2023. (Unit: USD, Share) Number of Number of Number of Fair value of Public Private Founder warrant warrants warrants warrants liability At date of acquisition 11,499,990 11,950,000 1,779,368 1,513,762 Change in fair value — — — 504,587 Balance at 31 December 2023 11,499,990 11,950,000 1,779,368 2,018,349

Corporate Income Tax Expenses_2

Corporate Income Tax Expenses (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2023
Major components of tax expense (income) [abstract]
Summary of Details of Corporate Income Tax Expense (Benefit)	Details of corporate income tax expense (benefit) for the year ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Corporate tax paid(refund) ( 678 ) — Changes in deferred tax due to temporary differences — ( 1,031,269 ) Corporate tax expense directly reflected in capital — 171,218 Others (*) 2,861,757 ( 651,645 ) Income tax expense (benefit) 2,861,079 ( 1,511,696 ) (*) The Company has elected not to recognize deferred tax assets due to the determination that it was improbable that taxable profit could be generated to offset the deductible temporary differences. Consequently, the amounts of deferred tax assets previously recognized have been recognized as corporate tax expense in the year 2023.
Summary of Increase or Decrease in Temporary Differences Deducted or Added from Future Corporate Income Tax	The details of the increase or decrease in temporary differences deducted or added from future corporate income tax for the year ended December 31, 2023 and 2022, are as follows: (Unit: USD) For the year ended 2023 Temporary differences to be deducted (additional) for the current year Deferred tax Classification Beginning Inc (Dec) Ending assets (liabilities) Loss on foreign currency translation 136,353 ( 136,353 ) — — Gain from foreign currency translation ( 65,353 ) 65,353 — — Provision for retirement benefits 1,315,937 374,037 1,689,974 353,205 Retirement pension assets ( 118,121 ) 1,353 ( 116,768 ) ( 24,405 ) Accumulated depreciation_1 1,195,828 ( 30,105 ) 1,165,723 243,636 Accumulated depreciation (revaluation) — — — — Machineries (revaluation) — — — — Land (revaluation) — — — — Accumulated depreciation_2 503,178 ( 12,668 ) 490,510 102,517 Investment in subsidiaries and associates 43,979,927 2,361,469 46,341,396 9,685,352 Available-for-sale ( 192,349 ) 4,842 ( 187,507 ) ( 39,189 ) Revaluation of non-current financial asset 30,139 ( 759 ) 29,380 6,140 Capital change from equity method 575,352 ( 14,485 ) 560,867 117,221 Raw material allowance 196,385 12,449 208,834 43,646 Provision for warranties 36,099 ( 5,142 ) 30,957 6,470 Trade receivables 3,397,671 ( 3,397,671 ) — — Short-term borrowings 6,407,370 ( 6,407,370 ) — — Other receivables 420,117 ( 420,117 ) — — Accrued income 335,158 ( 578,899 ) ( 243,741 ) ( 50,942 ) Advanced payment 149,420 ( 149,420 ) — — Loss on equity method investment impairment 2,187,346 1,879,361 4,066,707 849,942 Lease liabilities 122,962 38,624 161,586 33,771 Rent deposits 7,483 1,754 9,237 1,931 Right of use assets ( 124,051 ) ( 41,120 ) ( 165,171 ) ( 34,521 ) Bad debt — 7,204,865 7,204,865 1,505,817 Net operating loss 20,173,446 ( 7,204,865 ) 12,968,581 2,710,433 Gain from equity method — ( 3,315,592 ) ( 3,315,592 ) ( 692,959 ) Convertible bond — 30,589 30,589 6,393 Total 80,670,297 ( 9,739,870 ) 70,930,427 14,824,458 Valuation allowance ( 14,824,458 ) Deferred tax asset, net — (Unit: USD) For the year ended 2022 Temporary differences to be deducted (additional) for the current year Deferred tax Classification Beginning Inc (Dec) Ending assets (liabilities) Loss on foreign currency translation 75,676 60,677 136,353 28,498 Gain from foreign currency translation ( 423,358 ) 358,005 ( 65,353 ) ( 13,659 ) Provision for retirement benefits 950,940 364,997 1,315,937 275,031 Retirement pension assets ( 123,845 ) 5,724 ( 118,121 ) ( 24,687 ) Accumulated depreciation 1,269,315 ( 73,487 ) 1,195,828 249,928 Accumulated depreciation (revaluation) ( 734,647 ) 734,647 — — Machineries (revaluation) 255,884 ( 255,884 ) — — Land (revaluation) ( 1,495,641 ) 1,495,641 — — Accumulated depreciation 534,099 ( 30,921 ) 503,178 105,164 Investment in subsidiaries and associates 32,840,759 11,139,168 43,979,927 9,191,805 Available-for-sale ( 204,170 ) 11,821 ( 192,349 ) ( 40,201 ) Revaluation of non-current financial asset 31,991 ( 1,852 ) 30,139 6,299 Capital change from equity method ( 358,416 ) 933,768 575,352 120,249 Raw material allowance — 196,385 196,385 41,044 Provision for warranties — 36,099 36,099 7,545 Trade receivables — 3,397,671 3,397,671 710,113 Short-term borrowings — 6,407,370 6,407,370 1,339,140 Other receivables — 420,117 420,117 87,805 Accrued income ( 1,622,198 ) 1,957,356 335,158 70,048 Advanced payment 171,310 ( 21,890 ) 149,420 31,229 Loss on equity method investment impairment — 2,187,346 2,187,346 457,155 Lease liabilities — 122,962 122,962 25,699 Rent deposits — 7,483 7,483 1,564 Right of use assets — ( 124,051 ) ( 124,051 ) ( 25,927 ) Bad debt 20,173,446 ( 20,173,446 ) — — Net operating loss — 20,173,446 20,173,446 4,216,250 Total 51,341,145 29,329,152 80,670,297 16,860,092 Valuation allowance — ( 13,898,245 ) Deferred tax asset, net — 2,961,847

Related Party Transactions an_2

Related Party Transactions and Balances (Tables)	12 Months Ended
	Dec. 31, 2023
Related party transactions [abstract]
Summary of Related Party Transactions	Details of related party transactions for the years ended December 31, 2023, and 2022 are as follows: (Unit: USD) For the year ended 2023 Sales Purchase Classification Name Sales Other income Raw material Other expense G-SMATT JAPAN 9,142 — — — BioX 421,009 1,863 — 366,026 Related parties Kim, Houng-Ki — — — 27,997 Lee, Ho-Joon — — — 35,308 Total 430,151 1,863 — 429,331 (Unit: USD) For the year ended 2022 Sales Purchase Classification Name Sales Other income Raw material Other expense Related parties G-SMATT JAPAN 9,267 — — — BioX 464,400 1,473 — 264,874 Total 473,667 1,473 — 264,874
Summary of Related Party Receivables and Payables	The details of receivable and payable to related parties are as of December 31, 2023, and 2022, are as follows: (Unit: USD) As of December 31, 2023 Receivable Payable Name Accounts Loans Others Accounts Borrowing Others BioX(*)(**) 236,853 — 16,158 — 1,249,928 212,298 Kim, Houng-Ki — — — — 68,129 28,253 Korea Networks — — — — 1,121,029 — Ertughrul, Orhan — — — — 244,914 20,566 Lee, Ho-Joon — — — — 332,736 69,488 Total 236,853 — 16,158 — 3,016,736 330,605 (*) The Company has recognized an allowance for doubtful accounts of USD 230,498 for the outstanding balance of accounts receivable USD 467,351 . (**) On February 9, 2023, the Company entered into an agreement with BioX to transfer its ownership of the assets related to Trinit (subsequently renamed Yongsan Holdings Co., Ltd.). The Company has recognized a full allowance for doubtful accounts on the entire outstanding balance of USD 4,091,557 as it is doubtful that BioX will collect the deposit from Yongsan Holdings Co., Ltd. (Unit: USD) As of December 31, 2022 Receivable Payable Name Accounts Loans Others Accounts Borrowing Others G-SMATT JAPAN 453,686 — — — — — BioX — 237,729 65 — 940,091 155,421 Korea Networks — — — — 1,070,045 — Ertughrul, Orhan — — — — 47,551 10,462 Lee, Ho-Joon — — — — 290,163 53,180 Total 453,686 237,729 65 — 2,347,850 219,063
Summary of compensation for key management	Compensation for key management for the years ended December 31, 2023, and 2022, are as follows: (Unit: USD) Classification For the year ended 2023 For the year ended 2022 Salaries 1,120,768 970,234 Retirement benefit 231,146 185,970 Total 1,351,914 1,156,204

Commitment and Contingency (Tab

Commitment and Contingency (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of contingent liabilities [abstract]
Schedule of Contingent Liabilities and Agreements	Contingent liabilities and agreements as of December 31, 2023, and 2022, are as follows: (Unit: USD) For year ended 2023 Lender Type Credit limit Use Residual United asset management Ltd Facility Loan 1,620,136 1,620,136 — KEB Hana Bank Working capital Loan 1,158,722 1,158,722 — Facility Loan 4,248,646 4,248,646 — SBI Savings Bank Operating loan 672,059 672,059 — Barclays Bounce Back Loan 61,251 61,251 — Total 7,760,814 7,760,814 — (Unit: USD) For year ended 2022 Lender Type Credit limit Use Residual United asset management Ltd Facility Loan 2,001,142 2,001,142 — Kookmin Bank Small Business Loan 285,275 285,275 — Small Business Loan 633,945 633,945 — SBI Savings Bank Operating loan 729,036 729,036 — MG Saemaeul Credit Union (Sannam) Corporate General Fund Loan 3,565,938 3,565,938 — MG Saemaeul Credit Union (Dongmun) Corporate General Fund Loan 792,431 792,431 — Barclays Bounce Back Loan 45,397 45,397 — Total 8,053,164 8,053,164 —

Share Based Compensation (Table

Share Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Schedule of Share Based Compensation Expense	The Company has incentive awards for employees, Earnout RSRs and converted options. The below table summarizes share-based compensation expense for the years ended December 31, 2023, 2022 and 2021. (Unit: USD) 2023 2022 2021 RSRs compensation expense in administrative expense 3,507 — — Converted option compensation in administrative expense 2,529,314 687,888 277,638 Total 2,532,821 687,888 277,638
Schedule of Fair Valued using Monte Carlo simulation	The RSRs are fair valued using Monte Carlo simulation. The following assumptions are used in calculating the fair values of the options: 2023 Expected volatility 40 % Risk-Free interest rate 4.681 % Expected dividend yield 0 % Expected life (years) 3
Schedule of Stock Options Granted by the Company to the Executive Management and Employees	Details of stock options granted by the Company to the executive management and employees, including the President, Vice President, CEO, and CFO, for the year ended December 31, 2023, are as follows: (Unit: USD, Share) Classification Description Grant date March 30, 2022 Total number of Captivision Korea Options(A) (*) 1,000,000 Terminated(B) 57,983 Outstanding of Captivision Korea Options(C=A-B) (**) 942,017 Exchange ratio(D) 0.8008 Captivision Korea Converted Options (E=C x D) 754,351 Granting method Stock issue Exercise price 4.84 Available period for exercise March 30, 2024~March 29, 2027 (*) On March 30, 2022, Captivision Korea issued 1,000,000 shares of stock options with an exercise price of KRW 5,000 (USD 4.84 ). A total of 1,000,000 Captivision Korea options were granted by 2022, but 57,983 Captivision Korea options were terminated as of November 15, 2023. (**) On November 15, 2023, 942,017 outstanding Captivision Korea options were converted into 754,351 shares of Captivision Korea Converted Options, reflecting the exchange ratio. There were no options exercised as of December 2023.

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Summary of Creditors to Convert Outstanding Debt Amount to Shares	The Company is currently in the discussion to agree with following creditors to convert outstanding debt amount to the Company’s shares. (Unit : USD) Classification Borrowing from Amount Note Convertible bond Jeon, Joon-Soo 1,004,226 Acquired Convertible bonds of Bluming Innovation Convertible bond Daesun 926,977 Acquired Convertible bonds of Bluming Innovation Short-term loan Whale Investment Co., Ltd. 3,476,165 Short-term loan Kim, Kyung-Sook 926,977 Other payables Deco&Home Inc. 348,389 De-SPAC expense Other payables Kim, Jae-Young 154,496 Raw material expense Other payables Mirae Asset Securities Co., Ltd. 98,717 Other payables Sol Sea&Air Co., Ltd. 80,640 Trade payable Jin Technology 236,344 Trade payable INP Chemical Co., Ltd. 279,260 Trade payable Meanwell Doosung Co., Ltd. 77,248 Trade payable Cressem Co., Ltd. 64,715 Total 7,674,154

General information, Statemen_3

General information, Statement of Compliance with IFRS and Going concern assumption - Schedule of ownership percentages (Details)		12 Months Ended
	Nov. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Captivision Korea, Inc [member]
Disclosure of subsidiaries [line items]
Shareholding %		100%
Major business activities		Manufacture & distribute G-Glass
Jaguar Global Growth Korea Co. Ltd
Disclosure of subsidiaries [line items]
Shareholding %		100%
Major business activities		Exchange subsidiary
G-FRAME
Disclosure of subsidiaries [line items]
Shareholding %		100%	100%
Major business activities		Manufacture G-Glass related products	Manufacture G-Glass related products
G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe)
Disclosure of subsidiaries [line items]
Shareholding %	100%	76.55%	76.55%
Major business activities		Distribute G-Glass	Distribute G-Glass
G-SMATT Tech
Disclosure of subsidiaries [line items]
Shareholding %		100%	100%
Major business activities		Distribute G-Glass	Distribute G-Glass
G-SMATT America [member]
Disclosure of subsidiaries [line items]
Shareholding %		54.63%	54.63%
Major business activities		Distribute G-Glass	Distribute G-Glass

General information, statemen_4

General information, statement of compliance with IFRS and going concern assumption - Schedule of ownership percentages (Parenthetical) (Details) - USD ($)		12 Months Ended
	Nov. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Disclosure of subsidiaries [line items]
Consideration paid received	$ 301,654
G-SMATT Tech
Disclosure of subsidiaries [line items]
Percentage of ownership acquired		100%	100%
G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe)
Disclosure of subsidiaries [line items]
Percentage of ownership acquired	100%	76.55%	76.55%
G-SMATT America [member]
Disclosure of subsidiaries [line items]
Percentage of ownership acquired		54.63%	54.63%
Number shares held			1,470,116
Stake holding ratio			12%
G-SMATT America [member] | Top of range
Disclosure of subsidiaries [line items]
Percentage of ownership acquired			54.63%
G-SMATT America [member] | Bottom of range
Disclosure of subsidiaries [line items]
Percentage of ownership acquired			42.63%

General information, statemen_5

General information, statement of compliance with IFRS and going concern assumption - Schedule of information of subsidiaries before elimination of intercompany transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of subsidiaries [line items]
Assets	$ 21,516,881	$ 36,624,098
Liabilities	67,895,472	33,907,713
Sales	14,636,763	20,191,935	$ 9,415,119
Net income (loss)	(76,985,584)	(7,892,168)	(60,387,182)
Comprehensive income (loss)	$ (77,938,139)	$ (7,892,157)	$ (57,308,752)
G-FRAME
Disclosure of subsidiaries [line items]
Name of the subsidiary	G-Frame	G-Frame
Assets	$ 4,327,690	$ 7,558,305
Liabilities	6,976,169	6,826,664
Sales	1,330,525	1,563,390
Net income (loss)	(770,472)	(1,313,838)
Comprehensive income (loss)	$ (963,675)	$ (1,423,354)
G-SMATT Europe Media Limited and its subsidiary (G-SMATT Europe) [Member]
Disclosure of subsidiaries [line items]
Name of the subsidiary	G-SMATT Europe	G-SMATT Europe
Assets	$ 335,725	$ 1,451,597
Liabilities	7,037,675	5,908,020
Sales	528,274	208,741
Net income (loss)	(1,992,481)	(955,207)
Comprehensive income (loss)	$ (2,336,322)	$ (761,722)
G-SMATT Tech
Disclosure of subsidiaries [line items]
Name of the subsidiary	G-SMATT Tech	G-SMATT Tech
Assets	$ 5,123	$ 74,730
Liabilities	6,077,379	6,245,793
Sales	776	37,607
Net income (loss)	(77,173)	(537,693)
Comprehensive income (loss)	$ (56,037)	$ (130,280)
G-SMATT America [member]
Disclosure of subsidiaries [line items]
Name of the subsidiary	G-SMATT America	G-SMATT America (*)
Assets	$ 31,698	$ 3,413,876
Liabilities	3,558,071	3,001,074
Sales	365,164	3,271,530
Net income (loss)	(3,948,508)	(3,116,733)
Comprehensive income (loss)	$ (3,893,128)	$ (3,255,977)

General information, statemen_6

General information, statement of compliance with IFRS and going concern assumption - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deficit	$ (136,790,543)	$ (62,348,576)
Current liabilities exceed current assets	$ 40,692,649	18,531,567
Description of conversion of debt to equity	The Company initiated twelve equity conversion agreements as of the reporting date. Under these agreements, a total of USD 7,674,155 of outstanding debt and trade payables are to be converted into the Company’s Common Shares (the “Debt to Equity Conversion”).
Conversion debt instrument to equity	$ 7,674,155	$ 6,233,741	$ (170,156)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Details)	12 Months Ended
	Dec. 31, 2023
Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of the assets	40
Machinery
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of the assets	10
Others
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of the assets	5

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Information by revenue categories (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 14,636,763	$ 20,191,935	$ 9,415,119
Product
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	12,276,442	12,984,977	8,096,808
Merchandise
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	0	3,309,138	662,960
Service
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	1,600,321	3,897,820	606,448
Rent
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	0	$ 0	$ 48,903
Distribution right [member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue from contracts with customers	$ 760,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Information by revenue categories (Parenthetical) (Details)	Mar. 27, 2023 USD ($)
Disclosure of voluntary change in accounting policy [abstract]
Royalty expense	$ 760,000

Cash and cash equivalents - Sum

Cash and cash equivalents - Summary of cash and cash equivalents (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents [abstract]
Cash	$ 4,402	$ 6,566
Current account	472,313	190,061
Total	$ 476,715	$ 196,627	$ 239,342	$ 174,813

Cash and cash equivalents - Add

Cash and cash equivalents - Additional Information (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents [abstract]
Restricted financial instruments	$ 0	$ 0

Financial Instruments by Cate_3

Financial Instruments by Categories - Summary of the Financial Instruments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets in Financial Position
Financial assets at amortized cost	$ 4,913,338	$ 6,446,137
Financial assets at fair value through profit and loss	107,862	107,890
Others	0	0
Total	5,021,200	6,554,027
Liabilities in Financial Position
Financial assets at amortized cost	28,357,419	25,993,205
Financial assets at fair value through profit and loss	0	0
Others	2,018,349	0
Total	30,375,768	25,993,205
Trade payables
Liabilities in Financial Position
Financial assets at amortized cost	6,220,562	7,184,181
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	6,220,562	7,184,181
Short-term borrowings
Liabilities in Financial Position
Financial assets at amortized cost	13,511,319	11,863,506
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	13,511,319	11,863,506
Convertible Bonds
Liabilities in Financial Position
Financial assets at amortized cost	1,961,792
Financial assets at fair value through profit and loss	0
Others	0
Total	1,961,792
Current long- term borrowings
Liabilities in Financial Position
Financial assets at amortized cost	1,620,136	2,001,142
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	1,620,136	2,001,142
Current lease liabilities
Liabilities in Financial Position
Financial assets at amortized cost	165,294	108,488
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	165,294	108,488
Long-term borrowings
Liabilities in Financial Position
Financial assets at amortized cost	4,864,373	4,741,358
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	4,864,373	4,741,358
Leasehold deposit received
Liabilities in Financial Position
Financial assets at amortized cost		69,836
Financial assets at fair value through profit and loss		0
Others		0
Total		69,836
Derivative warrant liabilities
Liabilities in Financial Position
Financial assets at amortized cost	0
Financial assets at fair value through profit and loss	0
Others	2,018,349
Total	2,018,349
Long-term lease liabilities
Liabilities in Financial Position
Financial assets at amortized cost	13,943	24,694
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	13,943	24,694
Cash and cash equivalents
Assets in Financial Position
Financial assets at amortized cost	476,715	196,627
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	476,715	196,627
Trade receivables
Assets in Financial Position
Financial assets at amortized cost	4,176,766	697,999
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	4,176,766	697,999
Other current financial assets
Assets in Financial Position
Financial assets at amortized cost	73,284	1,035,930
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	73,284	1,035,930
Non- current financial assets
Assets in Financial Position
Financial assets at amortized cost	0	0
Financial assets at fair value through profit and loss	107,862	107,890
Others	0	0
Total	107,862	107,890
Lease deposits
Assets in Financial Position
Financial assets at amortized cost	186,573	207,825
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	186,573	207,825
Other deposits
Assets in Financial Position
Financial assets at amortized cost	0	4,307,756
Financial assets at fair value through profit and loss	0	0
Others	0	0
Total	$ 0	$ 4,307,756

Financial Instruments by Cate_4

Financial Instruments by Categories - Summary of the Financial Instruments (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2023	Mar. 23, 2023 USD ($)	Mar. 23, 2023 KRW (₩)
Disclosure of detailed information about financial instruments [line items]
Percentage of accrued interest on convertible bond		10%	10%
Maturity date	Mar. 23, 2024
Charm Savings Bank
Disclosure of detailed information about financial instruments [line items]
Aggregate principal amount		$ 1,931,203	₩ 2,500,000,000

Financial Instruments by Cate_5

Financial Instruments by Categories - Additional Information (Details) - Convertible bond purchase agreement	Apr. 01, 2024 USD ($)	Apr. 01, 2024 KRW (₩)	Feb. 19, 2024 USD ($)	Feb. 19, 2024 KRW (₩)	Aug. 21, 2023 USD ($)	Aug. 21, 2023 KRW (₩)
Disclosure of detailed information about financial instruments [line items]
Aggregate principal amount					$ 1,931,203	₩ 2,500,000,000
Major ordinary share transactions
Disclosure of detailed information about financial instruments [line items]
Aggregate principal amount	$ 926,977	₩ 1,200,000,000	$ 1,004,226	₩ 1,300,000,000

Trade Receivables - Summary of

Trade Receivables - Summary of Trade Receivables (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current
Trade receivables	$ 6,625,671	$ 697,999
Allowance for bad debts	(2,448,905)	0
Net Trade receivables	4,176,766	697,999
Non-current
Trade receivables	0	0
Allowance for bad debts	0	0
Net Trade receivables	$ 0	$ 0

Trade Receivables - Additional

Trade Receivables - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Trade receivables current and non current [abstract]
Allowance for doubtful accounts	$ 0

Other Current Financial Asset_2

Other Current Financial Assets - Summary of Other Current Financial Assets (Details) - USD ($)	Dec. 31, 2023	Feb. 09, 2023	Dec. 31, 2022
Categories of current financial assets [abstract]
Net, Short-term loan	$ 0		$ 639,491
Short-term loan	386,241		639,491
Allowance for bad debts	(386,241)		0
Accrued income	1,840		76,649
Net, Outstanding amount (Receivables)	71,444		319,790
Outstanding amount (Receivables)	4,163,001	$ 4,091,557	319,790
Allowance for bad debts	(4,091,557)	$ 4,091,557	0
Total	$ 73,284		$ 1,035,930

Other Current Financial Asset_3

Other Current Financial Assets - Summary of Other Current Financial Assets (Parenthetical) (Details) - USD ($)	Dec. 31, 2023	Feb. 09, 2023	Dec. 31, 2022
Disclosure of information of other current financial assets [line items]
Outstanding borrowing receivable	$ 386,241		$ 639,491
Outstanding balance	(386,241)		0
Ownership of assets	4,163,001	$ 4,091,557	319,790
Outstanding balance	(4,091,557)	$ 4,091,557	$ 0
Dongmin Kim
Disclosure of information of other current financial assets [line items]
Outstanding borrowing receivable	386,241
Outstanding balance	$ 386,241

Prepayments and Other Short-t_3

Prepayments and Other Short-term Assets - Summary of Prepayments and Other Short-term Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Prepayments and accrued income including contract assets [abstract]
Net, Advanced payments	$ 779,219	$ 1,503,365
Advanced payments	1,211,891	1,503,365
Allowance for bad debts	(432,672)	0
Prepaid expenses	390,176	17,552
Total	$ 1,169,395	$ 1,520,917

Prepayments and Other Short-t_4

Prepayments and Other Short-term Assets - Summary of Prepayments and Other Short-term Assets (Parenthetical) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Prepayments and accrued income including contract assets [abstract]
Advance payment for raw material purchase	$ 432,672
Allowance for bad debts	$ (432,672)	$ 0

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of Inventories [line items]
Inventories	$ 4,745,931	$ 5,714,352
Products [member]
Disclosure of Inventories [line items]
Inventories	3,234,508	4,671,074
Raw Material [member]
Disclosure of Inventories [line items]
Inventories	1,511,423	1,043,278
Gross carrying amount [member]
Disclosure of Inventories [line items]
Inventories	4,964,252	5,917,116
Gross carrying amount [member] | Products [member]
Disclosure of Inventories [line items]
Inventories	3,234,508	4,671,074
Gross carrying amount [member] | Raw Material [member]
Disclosure of Inventories [line items]
Inventories	1,729,744	1,246,042
Accumulated impairment [member]
Disclosure of Inventories [line items]
Inventories	(218,321)	(202,764)
Accumulated impairment [member] | Raw Material [member]
Disclosure of Inventories [line items]
Inventories	$ (218,321)	$ (202,764)

Inventories - Additional Inform

Inventories - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023
Disclosure of Inventories [LineItems]
Inventories	$ 5,714,352	$ 4,745,931
G-SMATT America [member]
Disclosure of Inventories [LineItems]
Inventory write down	4,922,600
Inventories	$ 170,603	$ 0
Useful life measured as period of time biological assets at cost	2 years

Non-current financial assets -

Non-current financial assets - Disclosure of Classification in Non-current Financial Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of financial assets [abstract]
Fair value of membership in Construction Association of Republic of Korea	$ 107,862	$ 107,890
Non-current financial assets	$ 107,862	$ 107,890	$ 114,520

Non-current financial assets _2

Non-current financial assets - Disclosure of Changes in Non-current Financial Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial assets [abstract]
Non-current financial assets at beginning of period	$ 107,890	$ 114,520
Revaluation (after corporate income tax)	2,688	0
Disposition	0	0
Foreign currency translation differences for foreign operations	(2,716)	(6,630)
Non-current financial assets at end of period	$ 107,862	$ 107,890

Investments Accounted for usi_3

Investments Accounted for using the Equity Method - Summary of Investment Accounted for using the Equity Method (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of associates [line items]
Book value	$ 0	$ 2,777,515
Chenjin chungjeolneung Ltd
Disclosure of associates [line items]
Net asset	$ (5,457,201)	$ (5,326,269)
Stake holding ratio	33%	33%
Net asset applied to stake holding ratio	$ 0	$ 0
Goodwill	0	0
Book value	$ 0	$ 0
Chenjin chungjeolneung Ltd | Captivision Korea, Inc [member] | China | Manufacturing
Disclosure of associates [line items]
Stake holding ratio	33%	33%
Chenjin chungjeolneung Ltd | G-FRAME | China | Manufacturing
Disclosure of associates [line items]
Stake holding ratio	0%	0%
G-SMATT JAPAN
Disclosure of associates [line items]
Net asset	$ 5,426,723	$ 4,818,011
Stake holding ratio	40.16%	40.16%
Net asset applied to stake holding ratio	$ 0	$ 1,934,913
Goodwill	0	842,603
Book value	$ 0	$ 2,777,515
G-SMATT JAPAN | Captivision Korea, Inc [member] | Japan | Retail
Disclosure of associates [line items]
Stake holding ratio	28.73%	28.73%
G-SMATT JAPAN | G-FRAME | Japan | Retail
Disclosure of associates [line items]
Stake holding ratio	11.43%	11.43%
G-SMATT HONGKONG
Disclosure of associates [line items]
Net asset	$ (4,538,121)	$ (3,454,134)
Stake holding ratio	27.40%	27.40%
Net asset applied to stake holding ratio	$ 0	$ 0
Goodwill	0	0
Book value	$ 0	$ 0
G-SMATT HONGKONG | Captivision Korea, Inc [member] | Hongkong | Retail
Disclosure of associates [line items]
Stake holding ratio	20%	20%
G-SMATT HONGKONG | G-FRAME | Hongkong | Retail
Disclosure of associates [line items]
Stake holding ratio	7.40%	7.40%

Investments Accounted for usi_4

Investments Accounted for using the Equity Method - Summary of Financial Statements (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of associates [line items]
Assets	$ 21,516,881	$ 36,624,098
Liabilities	67,895,472	33,907,713
Sales	14,636,763	20,191,935	$ 9,415,119
Net income (loss)	(76,985,584)	(7,892,168)	(60,387,182)
Comprehensive income	(77,938,139)	(7,892,157)	$ (57,308,752)
Chenjin chungjeolneung Ltd
Disclosure of associates [line items]
Assets	26,554,391	27,316,845
Liabilities	32,011,592	32,703,114
Sales	0	25,508
Net income (loss)	(284,857)	(1,916,458)
Comprehensive income	(284,857)	(1,916,458)
G-SMATT JAPAN
Disclosure of associates [line items]
Assets	12,112,804	10,649,564
Liabilities	6,686,081	5,831,552
Sales	6,006,248	5,333,686
Net income (loss)	1,093,101	(260,617)
Comprehensive income	1,093,101	(250,773)
G-SMATT HONGKONG
Disclosure of associates [line items]
Assets	283,826	377,895
Liabilities	4,821,947	3,832,029
Sales	0	0
Net income (loss)	(1,121,665)	(317,048)
Comprehensive income	$ (1,121,665)	$ (317,048)

Tangible Assets - Summary of Pr

Tangible Assets - Summary of Property, Plant and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	$ 11,055,170	$ 16,009,655
Acquisition	489,292	6,630,260
Addition from acquisition		140,253
Disposals	(1,590)	(9,254,130)
Depreciation	(756,117)	(1,346,324)
Impairment loss	(19,004)
Others	(281,273)	(1,124,544)
Property, plant and equipment at end of period	10,486,478	11,055,170
Land
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	5,449,778	4,543,328
Acquisition	0	3,233,219
Addition from acquisition		0
Disposals	0	(2,090,933)
Depreciation	0	0
Impairment loss	0
Others	(137,200)	(235,836)
Property, plant and equipment at end of period	5,312,578	5,449,778
Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	3,214,244	7,343,309
Acquisition	0	2,152,654
Addition from acquisition		0
Disposals	0	(5,535,877)
Depreciation	(122,017)	(234,555)
Impairment loss	0
Others	(82,036)	(511,287)
Property, plant and equipment at end of period	3,010,192	3,214,244
Structures
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	9,974	448,653
Acquisition	0	0
Addition from acquisition		0
Disposals	0	(391,586)
Depreciation	(596)	(11,520)
Impairment loss	0
Others	(258)	(35,573)
Property, plant and equipment at end of period	9,121	9,974
Machineries
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	2,085,058	2,972,429
Acquisition	173,609	1,179,928
Addition from acquisition		0
Disposals	0	(1,234,535)
Depreciation	(316,424)	(643,617)
Impairment loss	(19,004)
Others	(53,326)	(189,147)
Property, plant and equipment at end of period	1,869,913	2,085,058
Vehicles
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	16,111	2,328
Acquisition	0	18,262
Addition from acquisition		0
Disposals	(1)	0
Depreciation	(3,612)	(4,667)
Impairment loss	0
Others	(439)	188
Property, plant and equipment at end of period	12,059	16,111
Tools
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	12,786	20,874
Acquisition	0	0
Addition from acquisition		23,268
Disposals	0	(1)
Depreciation	(12,373)	(15,195)
Impairment loss	0
Others	(181)	(16,160)
Property, plant and equipment at end of period	232	12,786
Furniture
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	67,591	45,287
Acquisition	17,606	21,672
Addition from acquisition		116,985
Disposals	0	0
Depreciation	(37,222)	(25,217)
Impairment loss	0
Others	(3,109)	(91,136)
Property, plant and equipment at end of period	44,867	67,591
Facilities
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	64,781	273,904
Acquisition	0	0
Addition from acquisition		0
Disposals	0	(1,198)
Depreciation	(19,751)	(187,572)
Impairment loss	0
Others	(1,812)	(20,353)
Property, plant and equipment at end of period	43,218	64,781
ROU assets
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment at beginning of period	134,847	359,543
Acquisition	298,077	24,525
Addition from acquisition		0
Disposals	(1,589)	0
Depreciation	(244,122)	(223,981)
Impairment loss	0
Others	(2,915)	(25,240)
Property, plant and equipment at end of period	$ 184,298	$ 134,847

Intangible assets - Summary of

Intangible assets - Summary of Intangible assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about intangible assets [line items]
Beginning balance	$ 6,039,521	$ 4,249,034
Acquisition	15,309	3,540,675
Disposal	(1,912)
Amortization	(1,847,358)	(1,438,306)
Impairment	(4,070,331)	0
Difference in Foreign currency translation	(41,397)	(311,882)
Ending balance	93,832	6,039,521
Industrial rights [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance	59,339	94,276
Acquisition	0	0
Disposal	(1,912)
Amortization	(22,252)	(28,793)
Impairment		0
Difference in Foreign currency translation	(1,715)	(6,144)
Ending balance	33,460	59,339
Software [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance	134,639	251,108
Acquisition	15,309	0
Disposal	0
Amortization	(85,550)	(99,561)
Impairment		0
Difference in Foreign currency translation	(4,033)	(16,908)
Ending balance	60,365	134,639
Trademark [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance	27	399
Acquisition	0	0
Disposal	0
Amortization	(19)	(341)
Impairment		0
Difference in Foreign currency translation	(1)	(31)
Ending balance	7	27
Distribution rights [member]
Disclosure of detailed information about intangible assets [line items]
Beginning balance	5,845,516	3,903,251
Acquisition	0	3,540,675
Disposal	0
Amortization	(1,739,537)	(1,309,611)
Impairment	(4,070,331)	0
Difference in Foreign currency translation	(35,648)	(288,799)
Ending balance	$ 0	$ 5,845,516

Intangible assets - Additional

Intangible assets - Additional Information (Details) - USD ($)	Mar. 27, 2023	Nov. 30, 2022	Mar. 07, 2019	Mar. 27, 2017	Jun. 15, 2016	Jul. 31, 2015	Dec. 31, 2022
Disclosure of detailed information about intangible assets [line items]
Consideration paid received		$ 301,654
Non-refundable royalty fee	$ 760,000
Distribution right [member] | Captivision Korea, Inc [member]
Disclosure of detailed information about intangible assets [line items]
Useful life of intangible assets						10 years
Percentage of consideration received			50%			50%
Consideration paid received						$ 8,571,404
Revaluation of intangible assets							$ 1,593,310
Distribution right [member] | G-SMATT America [member]
Disclosure of detailed information about intangible assets [line items]
Useful life of intangible assets					10 years
Percentage of consideration received					50%
Revaluation of intangible assets							3,120,320
Non-refundable royalty fee					$ 8,571,404
Distribution right [member] | G-SMATT Europe [member]
Disclosure of detailed information about intangible assets [line items]
Useful life of intangible assets				10 years
Percentage of consideration received				50%
Consideration paid received				$ 2,762,760
Revaluation of intangible assets							$ 1,131,886
Description of fully amortized intangible assets				amortized using the straight-line method over a useful life of 10 years

Deposits - Summary of Non-curre

Deposits - Summary of Non-current Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other non current assets [line items]
Other noncurrent assets	$ 186,573	$ 4,515,581
Leasehold deposits
Disclosure of other non current assets [line items]
Other noncurrent assets	186,573	207,825
Other deposits
Disclosure of other non current assets [line items]
Other noncurrent assets	$ 0	$ 4,307,756

Deposits - Summary of Non-cur_2

Deposits - Summary of Non-current Assets (Parenthetical) (Details)	Feb. 09, 2023 USD ($)
Biox
Disclosure of other non current assets [line items]
Balance of receivables	$ 4,091,557

Leases - Summary of Changes in

Leases - Summary of Changes in Right of Use Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance	$ 134,847	$ 359,543
Acquisition	298,077	24,525
Depreciation	(244,122)	(223,981)
Change in contract	0	6,612
Contract termination	(1,589)	(6,425)
Loss from translating foreign operations	(2,915)	(25,427)
Ending Balance	184,298	134,847
Buildings
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance	104,083	304,063
Acquisition	276,290	24,525
Depreciation	(217,724)	(202,977)
Change in contract	0	6,612
Contract termination	(1,589)	(6,425)
Loss from translating foreign operations	(2,098)	(21,715)
Ending Balance	158,962	104,083
Vehicles
Disclosure of quantitative information about right-of-use assets [line items]
Beginning Balance	30,764	55,480
Acquisition	21,787	0
Depreciation	(26,398)	(21,004)
Change in contract	0	0
Contract termination	0	0
Loss from translating foreign operations	(817)	(3,712)
Ending Balance	$ 25,336	$ 30,764

Leases - Summary of Changes i_2

Leases - Summary of Changes in Lease Liabilities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lease liabilities [abstract]
Beginning Balance	$ 133,182	$ 350,973
Acquisition	281,854	21,801
Interest	16,033	15,601
Payments	(247,419)	(231,156)	$ (228,280)
Change in contract	0	6,305
Contract termination	(1,510)	(5,555)
Loss from transacting foreign operations	(2,903)	(24,787)
Ending Balance	$ 179,237	$ 133,182	$ 350,973

Leases - Schedule of Amounts Re

Leases - Schedule of Amounts Recognized in Net Profit or Loss (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of amounts recognized in Net Profit or Loss [line items]
Right-of-use-assets	$ 184,298	$ 134,847	$ 359,543
Depreciation	244,122	223,981
Interest expense relating to lease liabilities	16,033	15,601
Expense relating to leases of low-value assets that are not short-term leases	23,011	16,572
Expense relating to short-term leases	276,400	117,784
Miscellaneous loss(profit)	(90)	(54)
Subtotal	315,354	149,903
Total	559,476	373,884
Buildings
Schedule of amounts recognized in Net Profit or Loss [line items]
Right-of-use-assets	158,962	104,083	304,063
Depreciation	217,724	202,977
Vehicles
Schedule of amounts recognized in Net Profit or Loss [line items]
Right-of-use-assets	25,336	30,764	$ 55,480
Depreciation	$ 26,398	$ 21,004

Leases - Summary of Amounts Rec

Leases - Summary of Amounts Recognized in Consolidated Statements of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Amounts Recognized in Consolidated Statements of Cash Flows [Abstract]
Repayments of lease (Cash Flow)	$ 247,419	$ 231,156	$ 228,280
Expense relating to leases of low-value assets that are not short-term leases	23,011	16,572
Expense relating to short-term leases	276,400	117,784
Total Cash payments for leases	$ 546,830	$ 365,512

Insured assets - Summary of Ins

Insured assets - Summary of Insured assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about Insured assets [line items]
Insured Amount	$ 18,291,040	$ 18,766,136
Package insurance on buildings, machineries, inventories [member]
Disclosure of detailed information about Insured assets [line items]
Type of insurance	Package Insurance	Package Insurance
Insured Amount	$ 15,604,119	$ 16,007,100
Fire insurance on buildings machineries inventories [member]
Disclosure of detailed information about Insured assets [line items]
Type of insurance	Fire insurance	Fire insurance
Insured Amount	$ 2,667,686	$ 2,736,579
Cars [member]
Disclosure of detailed information about Insured assets [line items]
Type of insurance	Car insurance	Car insurance
Insured Amount	$ 19,235	$ 22,457

Other current payables and li_3

Other current payables and liabilities - Summary of Other current payables (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other current payables and liabilities [abstract]
Non-trade Payables	$ 25,324,072	$ 4,132,680
Accrued Expense	1,518,801	1,558,085
Total	$ 26,842,873	$ 5,690,765

Other current payables and li_4

Other current payables and liabilities - Summary of Other current payables (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Other current payables and liabilities [abstract]
Legal and other professional fees incurred	$ 17,361,197
Percentage of Deferred Fee Payables	50%

Other current payables and li_5

Other current payables and liabilities - Summary of Other current liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other current payables and liabilities [abstract]
Withholdings	$ 21,184	$ 15,086
Value added tax withheld	207,310	208,186
Advance Received	746,417	576,299
Total	$ 974,911	$ 799,571

Other Non-current payables an_3

Other Non-current payables and liabilities - Schedule of Other Non - Current Payables (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other non-current payables and liabilities [abstract]
Long-term Accounts Payable	$ 7,838,339	$ 32,062
Present Value Discount	0	(236)
Total	$ 7,838,339	$ 31,826

Other Non-current payables an_4

Other Non-current payables and liabilities - Schedule of Other Non - Current Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of other non-current payables and liabilities [abstract]
Long-term Leasehold Deposits Received	$ 0	$ 69,836
Total	$ 0	$ 69,836

Product warranty provision - Su

Product warranty provision - Summary of Product Warranty Provision (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Warranty provision [abstract]
Product warranty provision	$ 30,957	$ 36,099
Total	$ 30,957	$ 36,099

Borrowings - Summary of Borrowi

Borrowings - Summary of Borrowings (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Short-term borrowings		$ 13,511,319	$ 11,863,506
Long-term borrowings		4,864,373	4,741,358
Total	$ 7,674,154	$ 21,957,620	$ 18,606,006
Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			8.15%
Short-term borrowings			$ 633,945
SBI Savings Bank | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		9.37%	7.38%
Short-term borrowings		$ 672,059	$ 729,036
KEB Hana Bank | Long-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		5.90%
Long-term borrowings		$ 4,248,646
KEB Hana Bank | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		5.59%
Short-term borrowings		$ 1,158,722
Whale Investment | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		8%
Short-term borrowings		$ 3,476,165
Samsung Securities Co., Ltd | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		6%	6%
Short-term borrowings		$ 619,916	$ 635,926
Powergen | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		11%
Short-term borrowings		$ 749,307
Ulmus-Solon Technology Investment Partnership 1st Joint Business Execution Cooperative | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		6%	6%
Short-term borrowings		$ 247,966	$ 254,370
Yu Ha Asset | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		12%
Short-term borrowings		$ 772,481
William Isam Company | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		4%	4%
Short-term borrowings		$ 190,632	$ 189,407
Biox | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		5%
Short-term borrowings		$ 314,846
Others | Long-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			2.50%
Long-term borrowings		$ 615,727	$ 45,397
Others | Long-term borrowings | Bottom of range
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		2.50%
Others | Long-term borrowings | Top of range
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		5%
Others | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			5%
Short-term borrowings		$ 5,309,225	$ 2,903,178
Others | Short-term borrowings | Bottom of range
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		1%
Others | Short-term borrowings | Top of range
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		36%
Others | Long-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			5%
Long-term borrowings			$ 337,592
United asset management Ltd.
Disclosure of detailed information about borrowings [line items]
Current portion of long-term borrowings		$ 1,620,136	$ 2,001,142
United asset management Ltd. | Bottom of range
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		6%	6%
United asset management Ltd. | Top of range
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		7.38%	7.38%
Charm Savings Bank
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate		10%
Convertible bond		$ 1,961,792
Whale No.1 M&A Private Equity Joint Venture for Small and Medium Enterprises | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			8%
Short-term borrowings			$ 3,565,938
Han Partners | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			6%
Short-term borrowings			$ 132,177
Han Partners | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			6%
Short-term borrowings			$ 82,611
Han Partners | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			6%
Short-term borrowings			$ 66,089
Han Partners | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			6%
Short-term borrowings			$ 8,262
Kookmin Bank | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			8.15%
Short-term borrowings			$ 285,275
Sung Soo Lee | Short-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			7.90%
Short-term borrowings			$ 2,377,292
MG Saemaul Credit Union (Sannam) | Long-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			9%
Long-term borrowings			$ 3,565,938
MG Saemaul Credit Union (Sannam) | Long-term borrowings
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate			8.70%
Long-term borrowings			$ 792,431

Borrowings - Summary of Borro_2

Borrowings - Summary of Borrowings - Paranthetical (Details) - Convertible bond purchase agreement	Apr. 01, 2024 USD ($)	Apr. 01, 2024 KRW (₩)	Feb. 19, 2024 USD ($)	Feb. 19, 2024 KRW (₩)	Aug. 21, 2023 USD ($)	Aug. 21, 2023 KRW (₩)
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount					$ 1,931,203	₩ 2,500,000,000
Major ordinary share transactions
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount	$ 926,977	₩ 1,200,000,000	$ 1,004,226	₩ 1,300,000,000

Pension and Other Employee Ob_3

Pension and Other Employee Obligations - Summary of Defined Benefit Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of defined benefit plans [abstract]
Present value of defined benefit obligations	$ 1,942,451	$ 1,459,979
Fair value of plan assets	(116,768)	(118,121)
Net defined benefit obligations	$ 1,825,683	$ 1,341,858

Pension and Other Employee Ob_4

Pension and Other Employee Obligations - Schedule of Changes in the Defined Benefit Obligation and Planned Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined benefit obligation
Disclosure of net defined benefit liability (asset) [line items]
Beginning	$ 1,459,979	$ 1,174,807
Current service cost	394,636	286,420
Actuarial gain due to changes in financial assumptions	279,938	360,625
Payment made	(157,519)	(293,684)
Foreign currency translation differences for foreign operations	(34,583)	(68,189)
Ending	1,942,451	1,459,979
Plan assets
Disclosure of net defined benefit liability (asset) [line items]
Beginning	118,121	123,845
Gain from plan assets	6,455	3,287
Actuarial gain due to changes in financial assumptions	(4,894)	(1,919)
Foreign currency translation differences for foreign operations	(2,914)	(7,092)
Ending	$ 116,768	$ 118,121

Pension and Other Employee Ob_5

Pension and Other Employee Obligations - Schedule of Composition of Planned Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of information about defined benefit plans [abstract]
Deposit	$ 116,768	$ 118,121

Pension and Other Employee Ob_6

Pension and Other Employee Obligations - Summary of Major Actuarial Assumptions (Details)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of sensitivity analysis for actuarial assumptions [abstract]
Expected salary increase rate	4.50%	4.50%
Discount rate	4.32%	5.18%

Share Capital - Summary of Shar

Share Capital - Summary of Share Capital (Details)	10 Months Ended
	Dec. 31, 2023 USD ($) shares
Disclosure of classes of share capital [abstract]
Inception, February 24, 2023 - par value $0.0001 | shares	1
Cancellation of treasury share | shares	(1)
Share issued in merger with JGGC | shares	11,870,336
Shares issued in exchange for Captivision Korea | shares	17,109,492
December 31, 2023 - par value $0.0001 | shares	2,897,982
Inception, February 24, 2023 - par value $ 0.0001, value | $	$ 0
Cancellation of treasury shares, values | $	0
Shares issued in merger with JGGC, value | $	1,187
Shares issued in exchange for captivision Korea, value | $	1,711
December 31, 2023 - par value $0.0001, value | $	$ 2,898

Share Capital - Summary of Sh_2

Share Capital - Summary of Share Capital (Parenthetical) (Details) - $ / shares	Dec. 31, 2023	Feb. 24, 2023
Disclosure of classes of share capital [abstract]
Par Value	$ 0.0001	$ 0.0001

Other Capital Items and Accum_3

Other Capital Items and Accumulated Other Comprehensive Income - Summary of Other Capital Items and Accumulated Other Comprehensive Income (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other capital items and accumulated other comprehensive income [abstract]
Changes in equity from equity method	$ (353,543)	$ (353,543)	$ 6,796
Stock options	4,830,518	2,297,697	1,609,809
Treasury stock	(568,467)	0	0
Gains on sale of treasury stock	(410,453)	(410,453)	836,922
Consideration for conversion rights	98,951	0	0
Other capital surplus	(51,043)	(51,043)	(57,795)
Total	$ 3,545,963	$ 1,482,658	$ 2,395,732

Other Capital Items and Accum_4

Other Capital Items and Accumulated Other Comprehensive Income - Summary of Accumulated Other Comprehensive Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other capital items and accumulated other comprehensive income [abstract]
Gain or loss from FVOCI, Beginning	$ 0	$ 0	$ (2,268,168)
Gain or loss from FVOCI, Increase (decrease)	2,688		(115,808)
Gain or loss from FVOCI, Re-classification into profit and loss (Retained earnings)			2,383,976
Gain or loss from FVOCI, Ending	2,688	0	0
Exchange difference on translating foreign operations, Beginning	1,933,924	1,304,641	(22,641)
Exchange difference on translating foreign operations, Increase (decrease)	(1,184,069)	629,283	1,327,282
Exchange difference on translating foreign operations, Ending	749,855	1,933,924	1,304,641
Accumulated other comprehensive income, Beginning	1,933,924	1,304,641	(2,290,809)
Accumulated other comprehensive income, Increase (decrease)	(1,181,381)	629,283	1,211,474
Accumulated other comprehensive income, Re-classification into profit and loss (Retained earnings)	0	0	2,383,976
Accumulated other comprehensive income, Ending	$ 752,543	$ 1,933,924	$ 1,304,641

Selling and Administrative Ex_3

Selling and Administrative Expenses - Summary of Selling and Administrative Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Selling, general and administrative expense [abstract]
Salaries	$ 2,348,048	$ 2,124,171	$ 2,712,236
Sundry allowances	110,106	91,199	79,529
Miscellaneous salaries	0	9,288	11,894
Severance benefit	198,097	158,813	228,936
Employee benefits	276,654	252,445	241,410
Travel expenses	314,736	268,660	209,412
Entertainment expenses	75,260	37,393	34,537
Communication expenses	22,156	14,593	17,502
Utilities	7,285	18,398	9,626
Electricity	64,427	52,249	46,764
Taxes and dues	120,438	121,199	274,993
Depreciation	303,608	411,596	479,139
Rent	363,459	195,134	71,008
Repairing cost	10,939	106,354	6,755
Insurance	212,261	27,816	33,332
Vehicle maintenance	11,313	4,574	10,797
Research and development expenses	750,309	300,486	927,206
Transportation	183,664	308,279	156,697
Training	828	12	2,240
Publication expenses	17,772	17,819	10,934
Packing charge	0	0	8,568
Office supplies	26,475	26,043	12,496
Consumable supplies	37,747	39,790	25,353
Commission	1,093,270	484,107	514,879
Professional fee	1,907,205	1,358,068	3,191,779
Advertisement expense	349,661	225,067	70,549
Export expense	0	0	7,149
Bad debt expenses	2,427,642	46,005	15,586,247
Product warranty expense	29,637	5,503	33,573
Miscellaneous expense	7,788	19,116	20,370
Amortization	1,750,177	1,412,799	1,046,403
Employee share compensation Cost	2,532,821	687,888	277,638
Safety	0	2,755	3,844
Total	$ 15,553,783	$ 8,827,619	$ 26,363,795

Finance Income and Finance Co_3

Finance Income and Finance Costs - Summary of Details of Finance Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of finance income and finance costs [abstract]
Interest Income	$ 13,643	$ 39,966	$ 202,432
Gain from foreign currency transactions	41,881	38,952	33,517
Gain from disposal of non-current financial assets	0	0	75,821
Gain from foreign currency translation	78,600	74,596	110,252
Gain from discharge of indebtedness	0	4,079,520	3,694,237
Total	$ 134,124	$ 4,233,034	$ 4,116,259

Finance Income and Finance Co_4

Finance Income and Finance Costs - Summary of Details of Finance Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of finance income and finance costs [abstract]
Interest expense	$ 2,466,238	$ 919,446	$ 1,876,001
Loss from foreign currency transactions	24,667	68,204	41,865
Loss from foreign currency translation	127,190	133,181	78,570
Loss from valuation of CB	103,342	0	0
Change in fair value of derivative warrant liabilities	504,587	0	0
Total	$ 3,226,024	$ 1,120,831	$ 1,996,436

Other Income and Other Expens_3

Other Income and Other Expenses - Summary of Other Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other income and other expenses [abstract]
Gain from equity method	$ 0	$ 0	$ (171,147)
Income from disposal of tangible assets	4,682	0	7,202
Reversal of allowance for bad debts	136,111	0	753,200
Miscellaneous income	57,158	5,197,964	0
Dividend income	827	1,839	0
Total other income	$ 198,778	$ 5,199,803	$ 589,255

Other Income and Other Expens_4

Other Income and Other Expenses - Summary of Other Income (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Other income and other expenses [abstract]
Gain from goods return	$ 5,144,961

Other Income and Other Expens_5

Other Income and Other Expenses - Summary of Other Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other income and other expenses [abstract]
Impairment loss from tangible Assets	$ 19,004	$ 0	$ 0
Impairment loss from Intangible Assets	4,070,331	3,902,589	564,563
Loss from disposal of tangible assets	0	3,246,343	1,518,115
Loss from disposal of Intangible Assets	1,912	0	0
Loss on disposal of investment shares in subsidiaries	0	0	13,318,419
Impairment loss from equity method investment	2,683,019	0	0
Loss from equity method investment	0	535,268	0
Loss from inventory impairment	214,378	5,645,992	8,415,311
Miscellaneous loss	440,332	1,364,824	5,267,980
Nasdaq listing expenses	26,884,034	0	0
Reverse acquisition expense	18,736,326	0	0
Other allowance for other receivables and prepayments	4,865,907	436,674	10,127,381
Donation	37,508	37,926	0
Total other expenses	$ 57,952,751	$ 15,169,616	$ 39,211,769

Corporate Income Tax Expenses_3

Corporate Income Tax Expenses (Benefit) - Summary of Details of Corporate Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Major components of tax expense (income) [abstract]
Corporate tax paid(refund)	$ (678)	$ 0
Changes in deferred tax due to temporary differences	0	(1,031,269)
Corporate tax expense directly reflected in capital	0	171,218
Others	2,861,757	(651,645)
Income tax expense (benefit)	$ 2,861,079	$ (1,511,696)	$ (3,599,507)

Corporate Income Tax Expenses_4

Corporate Income Tax Expenses (Benefit) - Summary of Increase or Decrease in Temporary Differences Deducted or Added from Future Corporate Income Tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	$ 16,860,092
Deferred tax assets (liabilities) at end of period	14,824,458	$ 16,860,092
Deferred tax assets (liabilities)	14,824,458	16,860,092
Valuation allowance	(14,824,458)	(13,898,245)
Deferred tax asset, net	0	2,961,847
Loss on foreign currency translation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	28,498
Deferred tax assets (liabilities) at end of period	0	28,498
Deferred tax assets (liabilities)	0	28,498
Gain from foreign currency translation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(13,659)
Deferred tax assets (liabilities) at end of period		(13,659)
Deferred tax assets (liabilities)		(13,659)
Provision for retirement benefits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	275,031
Deferred tax assets (liabilities) at end of period	353,205	275,031
Deferred tax assets (liabilities)	353,205	275,031
Retirement pension assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(24,687)
Deferred tax assets (liabilities) at end of period	(24,405)	(24,687)
Deferred tax assets (liabilities)	(24,405)	(24,687)
Accumulated depreciation_1
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	249,928
Deferred tax assets (liabilities) at end of period	243,636	249,928
Deferred tax assets (liabilities)	243,636	249,928
Accumulated depreciation (revaluation)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0
Deferred tax assets (liabilities) at end of period	0	0
Deferred tax assets (liabilities)	0	0
Machineries (revaluation)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0
Deferred tax assets (liabilities) at end of period	0	0
Deferred tax assets (liabilities)	0	0
Land (revaluation)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0
Deferred tax assets (liabilities) at end of period	0	0
Deferred tax assets (liabilities)	0	0
Accumulated depreciation_2
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	105,164
Deferred tax assets (liabilities) at end of period	102,517	105,164
Deferred tax assets (liabilities)	102,517	105,164
Investment in subsidiaries and associates
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	9,191,805
Deferred tax assets (liabilities) at end of period	9,685,352	9,191,805
Deferred tax assets (liabilities)	9,685,352	9,191,805
Available-for-sale
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(40,201)
Deferred tax assets (liabilities) at end of period	(39,189)	(40,201)
Deferred tax assets (liabilities)	(39,189)	(40,201)
Revaluation of non-current financial asset
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	6,299
Deferred tax assets (liabilities) at end of period	6,140	6,299
Deferred tax assets (liabilities)	6,140	6,299
Capital change from equity method
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	120,249
Deferred tax assets (liabilities) at end of period	117,221	120,249
Deferred tax assets (liabilities)	117,221	120,249
Raw material allowance
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	41,044
Deferred tax assets (liabilities) at end of period	43,646	41,044
Deferred tax assets (liabilities)	43,646	41,044
Provision for warranties
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	7,545
Deferred tax assets (liabilities) at end of period	6,470	7,545
Deferred tax assets (liabilities)	6,470	7,545
Trade receivables
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	710,113
Deferred tax assets (liabilities) at end of period	0	710,113
Deferred tax assets (liabilities)	0	710,113
Short-term borrowings
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	1,339,140
Deferred tax assets (liabilities) at end of period	0	1,339,140
Deferred tax assets (liabilities)	0	1,339,140
Other receivables
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	87,805
Deferred tax assets (liabilities) at end of period	0	87,805
Deferred tax assets (liabilities)	0	87,805
Accrued income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	70,048
Deferred tax assets (liabilities) at end of period	(50,942)	70,048
Deferred tax assets (liabilities)	(50,942)	70,048
Advanced payment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	31,229
Deferred tax assets (liabilities) at end of period	0	31,229
Deferred tax assets (liabilities)	0	31,229
Loss on equity method investment impairment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	457,155
Deferred tax assets (liabilities) at end of period	849,942	457,155
Deferred tax assets (liabilities)	849,942	457,155
Lease Liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	25,699
Deferred tax assets (liabilities) at end of period	33,771	25,699
Deferred tax assets (liabilities)	33,771	25,699
Rent deposits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	1,564
Deferred tax assets (liabilities) at end of period	1,931	1,564
Deferred tax assets (liabilities)	1,931	1,564
Right of use assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(25,927)
Deferred tax assets (liabilities) at end of period	(34,521)	(25,927)
Deferred tax assets (liabilities)	(34,521)	(25,927)
Bad debt
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0
Deferred tax assets (liabilities) at end of period	1,505,817	0
Deferred tax assets (liabilities)	1,505,817	0
Net operating loss
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	4,216,250
Deferred tax assets (liabilities) at end of period	2,710,433	4,216,250
Deferred tax assets (liabilities)	2,710,433	4,216,250
Gain from equity method
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at end of period	(692,959)
Deferred tax assets (liabilities)	(692,959)
Convertible Bonds
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at end of period	6,393
Deferred tax assets (liabilities)	6,393
Temporary difference
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	80,670,297	51,341,145
Increase (decrease) in deferred tax (assets) liabilities	(9,739,870)	29,329,152
Deferred tax assets (liabilities) at end of period	70,930,427	80,670,297
Deferred tax assets (liabilities)	70,930,427	80,670,297	$ 51,341,145
Valuation allowance			0
Deferred tax asset, net			0
Temporary difference | Loss on foreign currency translation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	136,353	75,676
Increase (decrease) in deferred tax (assets) liabilities	(136,353)	60,677
Deferred tax assets (liabilities) at end of period	0	136,353
Deferred tax assets (liabilities)	0	136,353	75,676
Temporary difference | Gain from foreign currency translation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(65,353)	(423,358)
Increase (decrease) in deferred tax (assets) liabilities	65,353	358,005
Deferred tax assets (liabilities) at end of period	0	(65,353)
Deferred tax assets (liabilities)	0	(65,353)	(423,358)
Temporary difference | Provision for retirement benefits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	1,315,937	950,940
Increase (decrease) in deferred tax (assets) liabilities	374,037	364,997
Deferred tax assets (liabilities) at end of period	1,689,974	1,315,937
Deferred tax assets (liabilities)	1,689,974	1,315,937	950,940
Temporary difference | Retirement pension assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(118,121)	(123,845)
Increase (decrease) in deferred tax (assets) liabilities	1,353	5,724
Deferred tax assets (liabilities) at end of period	(116,768)	(118,121)
Deferred tax assets (liabilities)	(116,768)	(118,121)	(123,845)
Temporary difference | Accumulated depreciation_1
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	1,195,828	1,269,315
Increase (decrease) in deferred tax (assets) liabilities	(30,105)	(73,487)
Deferred tax assets (liabilities) at end of period	1,165,723	1,195,828
Deferred tax assets (liabilities)	1,165,723	1,195,828	1,269,315
Temporary difference | Accumulated depreciation (revaluation)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0	(734,647)
Increase (decrease) in deferred tax (assets) liabilities	0	734,647
Deferred tax assets (liabilities) at end of period	0	0
Deferred tax assets (liabilities)	0	0	(734,647)
Temporary difference | Machineries (revaluation)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0	255,884
Increase (decrease) in deferred tax (assets) liabilities	0	(255,884)
Deferred tax assets (liabilities) at end of period	0	0
Deferred tax assets (liabilities)	0	0	255,884
Temporary difference | Land (revaluation)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0	(1,495,641)
Increase (decrease) in deferred tax (assets) liabilities	0	1,495,641
Deferred tax assets (liabilities) at end of period	0	0
Deferred tax assets (liabilities)	0	0	(1,495,641)
Temporary difference | Accumulated depreciation_2
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	503,178	534,099
Increase (decrease) in deferred tax (assets) liabilities	(12,668)	(30,921)
Deferred tax assets (liabilities) at end of period	490,510	503,178
Deferred tax assets (liabilities)	490,510	503,178	534,099
Temporary difference | Investment in subsidiaries and associates
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	43,979,927	32,840,759
Increase (decrease) in deferred tax (assets) liabilities	2,361,469	11,139,168
Deferred tax assets (liabilities) at end of period	46,341,396	43,979,927
Deferred tax assets (liabilities)	46,341,396	43,979,927	32,840,759
Temporary difference | Available-for-sale
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(192,349)	(204,170)
Increase (decrease) in deferred tax (assets) liabilities	4,842	11,821
Deferred tax assets (liabilities) at end of period	(187,507)	(192,349)
Deferred tax assets (liabilities)	(187,507)	(192,349)	(204,170)
Temporary difference | Revaluation of non-current financial asset
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	30,139	31,991
Increase (decrease) in deferred tax (assets) liabilities	(759)	(1,852)
Deferred tax assets (liabilities) at end of period	29,380	30,139
Deferred tax assets (liabilities)	29,380	30,139	31,991
Temporary difference | Capital change from equity method
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	575,352	(358,416)
Increase (decrease) in deferred tax (assets) liabilities	(14,485)	933,768
Deferred tax assets (liabilities) at end of period	560,867	575,352
Deferred tax assets (liabilities)	560,867	575,352	(358,416)
Temporary difference | Raw material allowance
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	196,385	0
Increase (decrease) in deferred tax (assets) liabilities	12,449	196,385
Deferred tax assets (liabilities) at end of period	208,834	196,385
Deferred tax assets (liabilities)	208,834	196,385	0
Temporary difference | Provision for warranties
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	36,099	0
Increase (decrease) in deferred tax (assets) liabilities	(5,142)	36,099
Deferred tax assets (liabilities) at end of period	30,957	36,099
Deferred tax assets (liabilities)	30,957	36,099	0
Temporary difference | Trade receivables
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	3,397,671	0
Increase (decrease) in deferred tax (assets) liabilities	(3,397,671)	3,397,671
Deferred tax assets (liabilities) at end of period	0	3,397,671
Deferred tax assets (liabilities)	0	3,397,671	0
Temporary difference | Short-term borrowings
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	6,407,370	0
Increase (decrease) in deferred tax (assets) liabilities	(6,407,370)	6,407,370
Deferred tax assets (liabilities) at end of period	0	6,407,370
Deferred tax assets (liabilities)	0	6,407,370	0
Temporary difference | Other receivables
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	420,117	0
Increase (decrease) in deferred tax (assets) liabilities	(420,117)	420,117
Deferred tax assets (liabilities) at end of period	0	420,117
Deferred tax assets (liabilities)	0	420,117	0
Temporary difference | Accrued income
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	335,158	(1,622,198)
Increase (decrease) in deferred tax (assets) liabilities	(578,899)	1,957,356
Deferred tax assets (liabilities) at end of period	(243,741)	335,158
Deferred tax assets (liabilities)	(243,741)	335,158	(1,622,198)
Temporary difference | Advanced payment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	149,420	171,310
Increase (decrease) in deferred tax (assets) liabilities	(149,420)	(21,890)
Deferred tax assets (liabilities) at end of period	0	149,420
Deferred tax assets (liabilities)	0	149,420	171,310
Temporary difference | Loss on equity method investment impairment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	2,187,346	0
Increase (decrease) in deferred tax (assets) liabilities	1,879,361	2,187,346
Deferred tax assets (liabilities) at end of period	4,066,707	2,187,346
Deferred tax assets (liabilities)	4,066,707	2,187,346	0
Temporary difference | Lease Liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	122,962	0
Increase (decrease) in deferred tax (assets) liabilities	38,624	122,962
Deferred tax assets (liabilities) at end of period	161,586	122,962
Deferred tax assets (liabilities)	161,586	122,962	0
Temporary difference | Rent deposits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	7,483	0
Increase (decrease) in deferred tax (assets) liabilities	1,754	7,483
Deferred tax assets (liabilities) at end of period	9,237	7,483
Deferred tax assets (liabilities)	9,237	7,483	0
Temporary difference | Right of use assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	(124,051)	0
Increase (decrease) in deferred tax (assets) liabilities	(41,120)	(124,051)
Deferred tax assets (liabilities) at end of period	(165,171)	(124,051)
Deferred tax assets (liabilities)	(165,171)	(124,051)	0
Temporary difference | Bad debt
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0	20,173,446
Increase (decrease) in deferred tax (assets) liabilities	7,204,865	(20,173,446)
Deferred tax assets (liabilities) at end of period	7,204,865	0
Deferred tax assets (liabilities)	7,204,865	0	20,173,446
Temporary difference | Net operating loss
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	20,173,446	0
Increase (decrease) in deferred tax (assets) liabilities	(7,204,865)	20,173,446
Deferred tax assets (liabilities) at end of period	12,968,581	20,173,446
Deferred tax assets (liabilities)	12,968,581	20,173,446	$ 0
Temporary difference | Gain from equity method
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0
Increase (decrease) in deferred tax (assets) liabilities	(3,315,592)
Deferred tax assets (liabilities) at end of period	(3,315,592)	0
Deferred tax assets (liabilities)	(3,315,592)	0
Temporary difference | Convertible Bonds
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets (liabilities) at beginning of period	0
Increase (decrease) in deferred tax (assets) liabilities	30,589
Deferred tax assets (liabilities) at end of period	30,589	0
Deferred tax assets (liabilities)	$ 30,589	$ 0

Corporate Income Tax Expenses_5

Corporate Income Tax Expenses (Benefit) - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Major components of tax expense (income) [abstract]
Statutory tax rate	20.90%	20.90%
Valuation allowance of deferred tax assets	100%	80%

Related party transactions an_3

Related party transactions and balances - Summary of related party transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Other income	$ 198,778	$ 5,199,803	$ 589,255
Other expense	57,952,751	15,169,616	$ 39,211,769
Related parties [member]
Disclosure of transactions between related parties [line items]
Sales	430,151	473,667
Other income	1,863	1,473
Raw material purchase	0	0
Other expense	429,331	264,874
G SMATT Japan [member]
Disclosure of transactions between related parties [line items]
Sales	9,142	9,267
Other income	0	0
Raw material purchase	0	0
Other expense	0	0
BioX [member]
Disclosure of transactions between related parties [line items]
Sales	421,009	464,400
Other income	1,863	1,473
Raw material purchase	0	0
Other expense	366,026	$ 264,874
Kim, Houng-Ki [member]
Disclosure of transactions between related parties [line items]
Sales	0
Other income	0
Raw material purchase	0
Other expense	27,997
Lee, Ho-Joon [member]
Disclosure of transactions between related parties [line items]
Sales	0
Other income	0
Raw material purchase	0
Other expense	$ 35,308

Related party transactions an_4

Related party transactions and balances - Summary of receivables and payable to related parties (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Borrowings	$ 7,674,154	$ 21,957,620	$ 18,606,006
Related parties [member]
Disclosure of transactions between related parties [line items]
Accounts receivable		236,853	453,686
Loans		0	237,729
Other receivables		16,158	65
Accounts payable		0	0
Borrowings		3,016,736	2,347,850
Other payables		330,605	219,063
BioX [member]
Disclosure of transactions between related parties [line items]
Accounts receivable		236,853	0
Loans		0	237,729
Other receivables		16,158	65
Accounts payable		0	0
Borrowings		1,249,928	940,091
Other payables		212,298	155,421
Kim, Houng-Ki [member]
Disclosure of transactions between related parties [line items]
Accounts receivable		0
Loans		0
Other receivables		0
Accounts payable		0
Borrowings		68,129
Other payables		28,253
Korea Networks [member]
Disclosure of transactions between related parties [line items]
Accounts receivable		0	0
Loans		0	0
Other receivables		0	0
Accounts payable		0	0
Borrowings		1,121,029	1,070,045
Other payables		0	0
Ertughrul, Orhan [member]
Disclosure of transactions between related parties [line items]
Accounts receivable		0	0
Loans		0	0
Other receivables		0	0
Accounts payable		0	0
Borrowings		244,914	47,551
Other payables		20,566	10,462
Lee, Ho-Joon [member]
Disclosure of transactions between related parties [line items]
Accounts receivable		0	0
Loans		0	0
Other receivables		0	0
Accounts payable		0	0
Borrowings		332,736	290,163
Other payables		$ 69,488	53,180
G SMATT Japan [member]
Disclosure of transactions between related parties [line items]
Accounts receivable			453,686
Loans			0
Other receivables			0
Accounts payable			0
Borrowings			0
Other payables			$ 0

Related party transactions an_5

Related party transactions and balances - Summary of receivables and payable to related parties (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Disclosure of transactions between related parties [line items]
Expense recognised during period for bad and doubtful debts for related party transaction	$ 230,498
Provisions for doubtful debts related to outstanding balances of related party transaction	467,351
BioX [member]
Disclosure of transactions between related parties [line items]
Expense recognised during period for bad and doubtful debts for related party transaction	$ 4,091,557

Related party transactions an_6

Related party transactions and balances - Summary of compensation for key management (Details) - Key management personnel of entity or parent [member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Salaries	$ 1,120,768	$ 970,234
Retirement benefit	231,146	185,970
Total	$ 1,351,914	$ 1,156,204

Commitment and Contingency - Ad

Commitment and Contingency - Additional Information (Details)

12 Months Ended

Feb. 09, 2023 USD ($)

Nov. 30, 2022 USD ($)

Jan. 24, 2019 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2023 KRW (₩)

Dec. 31, 2024 USD ($)

Sep. 30, 2024 USD ($)

Jun. 28, 2024 USD ($)

Dec. 29, 2023 USD ($)

Nov. 02, 2023 USD ($)

Nov. 02, 2023 KRW (₩)

Jun. 02, 2022 USD ($)

Disclosure of contingent liabilities [line items]

Consideration received

$ 301,654

G-SMATT Global Co., Ltd.

Disclosure of contingent liabilities [line items]

Lease deposit liability

$ 1,544,962

₩ 2,000,000,000

Lease deposit liability, amount obliged to return

$ 231,744

₩ 300,000,000

Trinit Co. Ltd.

Disclosure of contingent liabilities [line items]

Security deposit for contingent claims

$ 4,205,000

Contingent claim, portion of the deposit amount

$ 161,141

Interest rate calculated up to July 2, 2021

5%

Additional interest

12%

SANGSANGIN Bank

Disclosure of contingent liabilities [line items]

Loss contingency

$ 231,744

₩ 300,000,000

Biox

Disclosure of contingent liabilities [line items]

Consideration received

$ 200,000

Consideration receivable

$ 4,100,000

Allowance for doubtful accounts

$ 4,091,557

Biox | Scenario forecast

Disclosure of contingent liabilities [line items]

Consideration receivable

$ 2,550,000

$ 770,000

$ 770,000

Commitment and Contingency - Sc

Commitment and Contingency - Schedule of Contingent Liabilities and Agreements (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit	$ 7,760,814	$ 8,053,164
Contingent liabilities, amount of credit used	7,760,814	8,053,164
United asset management Ltd. | Facility loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit	1,620,136	2,001,142
Contingent liabilities, amount of credit used	1,620,136	2,001,142
KEB Hana Bank | Facility loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit	4,248,646
Contingent liabilities, amount of credit used	4,248,646
KEB Hana Bank | Working capital loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit	1,158,722
Contingent liabilities, amount of credit used	1,158,722
SBI Savings Bank | Operating loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit	672,059	729,036
Contingent liabilities, amount of credit used	672,059	729,036
Barclays | Bounce back loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit	61,251	45,397
Contingent liabilities, amount of credit used	$ 61,251	45,397
Kookmin Bank | Small business loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit		285,275
Contingent liabilities, amount of credit used		285,275
Kookmin Bank | Small business loan one
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit		633,945
Contingent liabilities, amount of credit used		633,945
MG Saemaeul Credit Union (Sannam) | Corporate general fund loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit		3,565,938
Contingent liabilities, amount of credit used		3,565,938
MG Saemaeul Credit Union (Dongmun) | Corporate general fund loan
Disclosure of contingent liabilities [line items]
Contingent liabilities, credit limit		792,431
Contingent liabilities, amount of credit used		$ 792,431

Cash Flow - Summary Of Cash Flo

Cash Flow - Summary Of Cash Flows From Operating Activities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of cash flows [abstract]
Net loss for the year	$ (76,985,584)	$ (7,892,168)	$ (60,387,182)
Adjustment	44,407,435	12,140,195	47,194,223
Corporate tax benefit	2,861,079	(1,511,696)	(3,599,507)
Depreciation	756,117	1,357,987	1,786,378
Amortization	1,847,358	1,457,310	1,792,358
Bad debt	2,427,642	46,005	15,395,091
Other bad debt	4,865,907	436,674	10,026,952
Stock compensation costs	2,532,821	687,888	277,638
Defined benefit expense	393,583	286,421	283,482
Interest expense	2,466,266	45,858	1,777,845
Loss on disposal of inventory	214,378	5,877,549	8,415,311
Loss on foreign currency translation	127,190	133,181	78,602
Loss on valuation of equity method	0	535,268	1,518,115
Product warranty expense	29,637	5,503	33,573
Loss on raw material fair value evaluation	0	0	223,457
Loss on intangible assets impairments	4,070,331	3,902,589	564,563
Miscellaneous loss	0	(125,478)	7,652
R&D expenses	0	0	329,831
Loss on disposal of investment shares in subsidiaries	0	0	13,318,419
Loss from disposal of Intangible Assets	1,912	0	0
Loss on equity method investment Impairment	2,683,019	0	0
Loss from valuation of CB	103,342	0	0
Loss on tangible assets impairments	19,004	0	0
Change in fair value of derivative warrant liabilities	504,587	0	0
Reverse acquisition expense	18,736,326	0	0
Interest income	(13,671)	(54,931)	(292,769)
Gain from discharge of indebtedness	0	(4,079,520)	(3,694,237)
Gain from equity method	0	0	(171,147)
Gain from foreign currency translation	(78,600)	(74,596)	(794,360)
Gain from disposition of tangible assets	(4,682)	3,246,343	(7,203)
Gain from disposal of available-for-sale securities	0	0	(75,821)
Reversal of allowance for doubtful accounts	(136,111)	(32,160)	0
Changes in working capital	23,654,519	(9,624,762)	7,084,315
Decrease (increase) in trade receivables	(5,874,476)	4,048,195	3,452,691
Decrease (increase) in other receivables	238,287	(150,198)	(126,488)
Decrease (increase) in accrued income	(1,540)	161,931	454,728
Decrease (increase) in advance payments	251,324	1,503,205	(871,377)
Decrease (increase) in prepaid expenses	(373,039)	60,106	2,866
Decrease (increase) in inventory	602,700	(3,319,449)	(1,230,342)
Decrease (increase) in non-current accounts receivable	0	639,402	372,898
Increase (decrease) in trade payables	(1,206,844)	(1,664,819)	(446,568)
Increase (decrease) in Non-trade Payables	22,381,641	(4,238,255)	5,342,932
Increase (decrease) in Withholdings	6,420	(180,093)	100,901
Increase (decrease) in value added tax withheld	4,325	203,344	(33,197)
Increase (decrease) in advance income	182,951	(4,653,820)	50,436
Increase (decrease) in Accrued Expenses	(51,069)	(2,110,114)	394,142
Increase (decrease) in government subsidy	0	0	(5,309)
Increase (decrease) in value added tax receivable	0	476,197	815
Increase (decrease) in Non-current Non-trade Payables	7,690,592	(106,709)	(57,035)
Payment of severance	(162,922)	(293,685)	(316,557)
Changes in retirement planned assets	0	0	(1,221)
Change in Product warranty provision	(33,831)	0	0
Cash generated from operating activities	$ (8,923,630)	$ (5,376,735)	$ (6,108,644)

Cash Flow - Summary of Signific

Cash Flow - Summary of Significant Transactions Without Cash Inflows and Outflows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Miscellaneous liabilities [abstract]
Debt conversion	$ 5,747,682	$ 3,017,247	$ 8,411,278
Conversion of convertible bonds	0	6,012,570	17,407,314
Conversion of shares in connection with the SPAC merger	20,228,171	0	0
Total	$ 25,975,853	$ 9,029,817	$ 25,818,592

Earnings Per Share - Summary of

Earnings Per Share - Summary of Basic Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Basic EPS
Earnings (Loss)	$ (74,726,799)	$ (5,892,144)	$ (60,114,590)
Weighted average number of shares	18,451,377	14,273,192	5,928,439
Per share amount	$ (4.05)	$ (0.41)	$ (10.14)

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023
Earnings per share [abstract]
Share exchange ratio	0.8008

Reverse Acquisition - Additiona

Reverse Acquisition - Additional Information (Details)		2 Months Ended	12 Months Ended
	Mar. 02, 2023 shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 15, 2023 USD ($) shares	Feb. 24, 2023 shares	Mar. 30, 2022 shares
Disclosure of detailed information about business combination [line items]
Profit/ (loss) | $		$ 45,494,252	$ 2,275,151	$ 6,281,365	$ (1,120,203)
Ordinary shares issued		2,897,982	2,897,982				1
Number of shares issued								1,000,000
Fair value
Disclosure of detailed information about business combination [line items]
Ordinary shares issued | $						$ 20,228,171
Captivision Korea, Inc [member]
Disclosure of detailed information about business combination [line items]
Acquisition, exchange of ordinary shares	0.8008
Number of shares issued						21,365,404
Captivision Korea, Inc [member] | Ordinary shares
Disclosure of detailed information about business combination [line items]
Ordinary shares issued						17,109,472

Reverse Acquisition - Fair Valu

Reverse Acquisition - Fair Value of Net Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents	$ 3,005,606
Warrants Liabilities	(1,513,761)
Fair value of net assets	1,491,845
Less : Fair value of consideration comprising11,870,336 Captivision Inc. Conversion of shares in connection with the SPAC merger	20,228,171
Reverse Acquisition Expense recognized in Consolidated Statement of Profit and Loss	$ 18,736,326	$ 0	$ 0

Reverse Acquisition - Fair Va_2

Reverse Acquisition - Fair Value of Net Assets (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Disclosure of detailed information about business combination [line items]
Fair value of consideration	$ 11,870,336
Conversion of shares in connection with merger, shares | shares	11,870,336
Conversion of shares in connection with merger, value	$ 20,228,171
Volume weighted average price | $ / shares	$ 2
Former JGGC Shareholders
Disclosure of detailed information about business combination [line items]
Conversion of shares in connection with merger, shares | shares	11,708,336
Conversion of shares in connection with merger, price per share | $ / shares	$ 1.7
Conversion of shares in connection with merger, value	$ 19,904,171
Cohen and Outside the Box
Disclosure of detailed information about business combination [line items]
Conversion of shares in connection with merger, shares | shares	162,000
Conversion of shares in connection with merger, price per share | $ / shares	$ 2
Conversion of shares in connection with merger, value	$ 324,000

Reverse Acquisition - Summary o

Reverse Acquisition - Summary of Exceptional Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about business combination [abstract]
Reverse acquisition expense	$ 18,736,326	$ 0	$ 0
Nasdaq listing expenses	26,884,034	$ 0	$ 0
Total	$ 45,620,360

Warrant Liability - Disclosure

Warrant Liability - Disclosure of Changes in Fair Value of Warrant Liabilities (Details)	2 Months Ended
	Dec. 31, 2023 USD ($) shares
Disclosure of warrant liability [abstract]
Number of public warrants issued, At date of acquisition	11,499,990
Number of private warrants issued, At date of acquisition	11,950,000
Number of founder warrants issued, At date of acquisition	1,779,368
Non-current warrant liability, At date of acquisition | $	$ 1,513,762
Change in fair value | $	$ 504,587
Number of public warrants issued, Balance	11,499,990
Number of private warrants issued, Balance	11,950,000
Number of founder warrants issued, Balance	1,779,368
Non-current warrant liability, Balance | $	$ 2,018,349

Warrant Liability - Additional

Warrant Liability - Additional Information (Details) - $ / shares		12 Months Ended
	Nov. 15, 2023	Dec. 31, 2023
Disclosure of warrant liability [line items]
Date of acquisition		Nov. 15, 2023
Exercise price, warrants	$ 11.5
Number of shares issuable per warrant	1
Warrants and rights outstanding term		5 years
Warrants expiry date		Nov. 15, 2028
Warrants exercise date period	30 days
Redemption of warrants notice period	30 days
Exercise after redemption notice description	If redemption is triggered by the Shares trading between $10.00 and $18.00 per share, warrant holders may elect for a “Make Whole Exercise” in exchange for a pre-determined number of Shares on a cashless basis. The number of Make Whole shares is determined based on:
Class of warrant or right redemption price of warrants or rights	$ 11.5
Public warrants | Shares trade at or above $10.00 but less than $18.00 per share
Disclosure of warrant liability [line items]
Period during which trading share price is measured to determine whether entitys right to redemption is triggered	3 days
Class of warrant or right redemption price of warrants or rights	$ 0.01
Public warrants | Shares trade at or above $10.00 but less than $18.00 per share | Bottom of range
Disclosure of warrant liability [line items]
Trading share price	$ 10
Period for entity to give notice of redemption after end of measurement period	20 days
Public warrants | Shares trade at or above $10.00 but less than $18.00 per share | Top of range
Disclosure of warrant liability [line items]
Trading share price	$ 18
Period for entity to give notice of redemption after end of measurement period	30 days
Public warrants | Shares trade above $18.00
Disclosure of warrant liability [line items]
Trading share price	$ 18
Period during which trading share price is measured to determine whether entitys right to redemption is triggered	3 days
Class of warrant or right redemption price of warrants or rights	$ 0.1
Public warrants | Shares trade above $18.00 | Bottom of range
Disclosure of warrant liability [line items]
Period for entity to give notice of redemption after end of measurement period	20 days
Public warrants | Shares trade above $18.00 | Top of range
Disclosure of warrant liability [line items]
Period for entity to give notice of redemption after end of measurement period	30 days
Private warrants | Shares trade at or above $10.00 but less than $18.00 per share
Disclosure of warrant liability [line items]
Period during which trading share price is measured to determine whether entitys right to redemption is triggered	3 days
Class of warrant or right redemption price of warrants or rights	$ 0.1
Private warrants | Shares trade at or above $10.00 but less than $18.00 per share | Bottom of range
Disclosure of warrant liability [line items]
Trading share price	$ 10
Period for entity to give notice of redemption after end of measurement period	20 days
Private warrants | Shares trade at or above $10.00 but less than $18.00 per share | Top of range
Disclosure of warrant liability [line items]
Trading share price	$ 18
Period for entity to give notice of redemption after end of measurement period	30 days
Private warrants | Shares trade above $18.00
Disclosure of warrant liability [line items]
Trading share price	$ 18

Share Based Compensation - Summ

Share Based Compensation - Summary of Share Based Compensation Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [abstract]
RSRs compensation expense in administrative expense	$ 3,507	$ 0	$ 0
Converted option compensation in administrative expense	2,529,314	687,888	277,638
Total	$ 2,532,821	$ 687,888	$ 277,638

Share Based compensation - Addi

Share Based compensation - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 yr $ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility	40%
Average historical share volatilities	36.70%
Expected dividend yield	0%
Expected life (years) | yr	3
Triggering Event I
Disclosure of terms and conditions of share-based payment arrangement [line items]
Trading share price	$ 12
Period of trading day	20 out of 30 trading day
Triggering Event II
Disclosure of terms and conditions of share-based payment arrangement [line items]
Trading share price	$ 14
Period of trading day	20 out of 30 trading day
Triggering Event III
Disclosure of terms and conditions of share-based payment arrangement [line items]
Trading share price	$ 16
Period of trading day	20 out of 30 trading day

Share Based Compensation - Sche

Share Based Compensation - Schedule of Fair Valued using Monte Carlo Simulation (Details)	12 Months Ended
	Dec. 31, 2023 yr
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Expected volatility	40%
Risk-Free interest rate	4.681%
Expected dividend yield	0%
Expected life (years)	3

Share Based Compensation - Sc_2

Share Based Compensation - Schedule of Stock Options Granted by the Company to the Executive Management and Employees (Details)			12 Months Ended
	Mar. 30, 2022 $ / shares	Mar. 30, 2022 ₩ / shares	Dec. 31, 2023 shares $ / shares	Nov. 15, 2023 shares
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Grant date			March 30, 2022
Total number of Captivision Korea Options			1,000,000
Terminated			57,983
Outstanding of Captivision Korea Options			942,017	942,017
Exchange ratio			0.8008
Captivision Korea Converted Options			754,351
Granting method			Stock issue
Exercise price | (per share)	$ 4.84	₩ 5,000	$ 4.84
Available period for exercise			March 30, 2024~March 29, 2027

Share Based Compensation - Sc_3

Share Based Compensation - Schedule of Stock Options Granted by the Company to the Executive Management and Employees (Parenthetical) (Details)				12 Months Ended
	Nov. 15, 2023 shares	Mar. 30, 2022 shares $ / shares	Mar. 30, 2022 shares ₩ / shares	Dec. 31, 2023 shares $ / shares
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Number of options issued		1,000,000	1,000,000
Exercise price | (per share)		$ 4.84	₩ 5,000	$ 4.84
Number of options granted		1,000,000	1,000,000
Options terminated	57,983
Number of options outstanding	942,017			942,017
Number of converted options	754,351
Number of options exercised				0

Subsequent Events - Summary of

Subsequent Events - Summary of Creditors to Convert Outstanding Debt Amount to Shares (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	$ 7,674,154	$ 21,957,620	$ 18,606,006
Convertible bond | Jeon, Joon-Soo [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	1,004,226
Convertible bond | Daesun [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	926,977
Short-term loan [member] | Whale Investment Co., Ltd. [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	3,476,165
Short-term loan [member] | Kim, Kyung-Sook [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	926,977
Other payables [member] | Deco&Home Inc. [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	348,389
Other payables [member] | Kim, Jae-Young [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	154,496
Other payables [member] | Mirae Asset Securities Co., Ltd. [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	98,717
Other payables [member] | Sol Sea&Air Co., Ltd. [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	80,640
Trade payable | Jin Technology [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	236,344
Trade payable | INP Chemical Co., Ltd. [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	279,260
Trade payable | Meanwell Doosung Co., Ltd. [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	77,248
Trade payable | Cressem Co., Ltd. [member]
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	$ 64,715

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ / shares in Units, ₩ in Millions	Apr. 16, 2024 USD ($) $ / shares shares	Feb. 16, 2024 USD ($) $ / shares shares	Nov. 28, 2023 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Nov. 28, 2023 KRW (₩)	Feb. 24, 2023 $ / shares	Dec. 31, 2022 USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Ordinary shares, par value | $ / shares					$ 0.0001		$ 0.0001
Borrowings				$ 7,674,154	$ 21,957,620			$ 18,606,006
KEB Hana Bank
Disclosure of non-adjusting events after reporting period [line items]
Maturity date for borrowings			November 28, 2026
Minimum required capital injection of loan terms			$ 8,500,000
Loan agreements one | KEB Hana Bank
Disclosure of non-adjusting events after reporting period [line items]
Borrowings			$ 4,200,000			₩ 5,500
Loan agreements one | KEB Hana Bank | Certificate of deposit | Floating Interest Rate
Disclosure of non-adjusting events after reporting period [line items]
Interest rate			2.08%			2.08%
Loan agreements two | KEB Hana Bank
Disclosure of non-adjusting events after reporting period [line items]
Borrowings			$ 1,100,000			₩ 1,500
Loan agreements two | KEB Hana Bank | Certificate of deposit | Floating Interest Rate
Disclosure of non-adjusting events after reporting period [line items]
Interest rate			1.76%			1.76%
Major ordinary share transactions
Disclosure of non-adjusting events after reporting period [line items]
Convertible promissory notes aggregate principal amount	$ 1,175,000	$ 1,250,000
Convertible promissory notes maturity date	Apr. 16, 2025	Feb. 16, 2025
Convertible note divided portion of principal amount	$ 5.03	$ 6.21
Aggregate shares of convertible notes | shares	233,600	201,290
Major ordinary share transactions | Ordinary shares, par value $0.0001 per share [member]
Disclosure of non-adjusting events after reporting period [line items]
Ordinary shares, par value | $ / shares	$ 0.0001	$ 0.0001