GRVY Gravity Co Ltd

GRAVITY Co., Ltd. (NasdaqCM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced that its wholly‑owned subsidiary in the United States, Gravity Interactive, Inc., (“Gravity Interactive”) leads Ragnarok M: Eternal Love with grossing rank of No.1 on  Apple App Store and Google Play.

Gravity announced that Ragnarok M: Eternal Love ranked as No.1 on Google Play in three countries including Thailand, the Philippines, and Indonesia based on its revenue.

Ragnarok M: Eternal Love attracts attention exceeding over  2,700,000 downloads in Southeast Asia within the first 6 days of launch. The popularity of the game is mainly attributed to the high quality contents based on Ragnarok Online modified into mobile, the cute and lovely graphics, that have responded to the Southeast Asian user needs

Liliana Bae, Director of Gravity Business and Executive Director of Gravity Interactive said that “This is very encouraging and serving a great potential that the game has significant performance in the Southeast Asian market with 650 million in population and more than 5 percent annual growth rate. The game is expected to land smoothly with greater sales than Korea and Taiwan individually at the time of its launch.”

Gravity Interactive plans to start pre-registration Ragnarok M in North and South America and Oceania during 2018 and to launch in the first quarter of 2019.

[The Highest Grossing Ranking for Ragnarok M: Eternal Love in Apple and Google]; 

The Highest Grossing Ranking in Southeast Asia (as of 5 November 2018)
	Google play	Apple App Store
Thailand	No. 1	No. 1
The Philippines	No. 1	No. 1
Indonesia	No. 1	No. 1

[Official Facebook link] https://www.facebook.com/PlayRagnarokM/

   

About GRAVITY Co., Ltd. ---------------------------------------------------

Based in Korea, Gravity is a developer and publisher of online and mobile games. Gravity's principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 81 markets and countries. For more information about Gravity, please visit http://www.gravity.co.kr.

Forward-Looking Statements:

Certain statements in this press release may include, in addition to historical information, "forward-looking statements" within the meaning of the "safe-harbor" provisions of the U.S. Private Securities Litigation Reform Act 1995. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe", "project," or "continue" or the negative thereof or other similar words, although not all forward-looking statements contain these words. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the "SEC"), including our annual report for the fiscal year ended December 31, 2017 on Form 20-F, together with such other documents that we may submit to or file with the SEC from time to time, on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances.

Contact:

Mr. Heung Gon Kim Chief Financial Officer Gravity Co., Ltd. Email: kheung@gravity.co.kr

Ms. Sang Eun Sung IR Manager Gravity Co., Ltd. Email: ir@gravity.co.kr Telephone: +82-2-2132-7800