Report of Foreign Issuer (6-k)
January 25 2017 - 6:13AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2017
Commission File Number
000-51138
GRAVITY CO., LTD.
(Translation of registrants name into English)
15F, 396 World Cup
buk-ro,
Mapo-gu,
Seoul
121-795,
Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form 20-F ☒
Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101(b)(7): ☐
GRAVITY ISSUES BUSINESS UPDATES
Seoul, South Korea January 25, 2017 GRAVITY Co., Ltd. (NasdaqCM: GRVY) (Gravity or Company), a developer and publisher
of online and mobile games based in South Korea, today provided following business updates on
Ragnarok Online
IP-based
mobile games.
On March 25, 2016, the Company and Shanghai The Dream Network Technology Co., Ltd.
(Dream Square) entered into a license and development agreement, which granted Dream Square a right to exclusively develop
Ragnarok Online
IP-based
mobile and web games and to distribute
such games in China for five years. In return, Dream Square agreed to pay certain rates of royalty fees on the revenues generated from the game services in China as well as a
non-refundable
minimum guarantee.
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Updates on
Ragnarok Online
IP based mobile games
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As a result of the agreement
described above, a text RPG mobile game, titled as
Tiantiandaboli,
was launched in China on June 1, 2016. Such game was published by X.D. Network Inc., who
re-licensed
the distribution right from
Dream Square.
In addition, Dream Square launched a card RPG mobile game, titled as
RO Xianjing Chuanshuo: Fuxing
, in China on October 18,
2016. Gravity, as a local publisher, launched such game in Taiwan on December 1, 2016. The Company also plans to publish the card RPG mobile game in Thailand and Korea during the first half of 2017.
On January 19, 2017, an MMORPG mobile game, titled as
Xianjing Chuanshuo RO: Shouhuyonghengdeai
, was released, by the local publisher, X.D.
Network Inc., for an open beta test in China. The official launching of such game in China is scheduled in the first half of 2017.
About GRAVITY Co.,
Ltd.
Based in Korea, Gravity is a developer and publisher of online and mobile games. Gravitys principal product,
Ragnarok Online
, is a
popular online game in many markets, including Japan, Taiwan and Thailand, 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, 2015 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.
Contacts:
Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email:
kheung@gravity.co.kr
Ms. Ji Hee Kim
IR Manager
Gravity Co., Ltd.
Email:
ircommunication@gravity.co.kr
Telephone:
+82-2-2132-7800
# #
#
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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GRAVITY CO., LTD.
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By:
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/s/ Heung Gon Kim
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Name:
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Heung Gon Kim
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Title:
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Chief Financial Officer
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Date: January 25, 2017
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