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”) is officially launching Ragnarok M: Eternal Love Southeast Asia version(“Ragnarok M: E.L SEA ver.”) on October 31, 2018 in 11 countries including Thailand, Indonesia, the Philippines, Singapore, Malaysia, Vietnam.

Ragnarok M: E.L SEA ver. is based on the Ragnarok Online, which has already become a popular game in Southeast Asia.Over 2,500,000 pre-registration signups recorded for Ragnarok M: E.L SEA ver. (official website, Google Play, and Apple App store) with positive sign of a big hit.

The applicants flooded the Closed Beta Test (CBT) application for Ragnarok M: E.L SEA ver. at the first day, which was limited to 50,000.The company added 35,000 more applicants. The CBT went through a stable test with 85,000 users from October 20 to 24, raising expectations for success in  Southeast Asia.

The popularity of the game is mainly attributed to the cute and lovely graphics, the fast actions and various communications that had responded to Southeast Asian users’ preferences.

The company will enhance game quality by reflecting players’ feedbacks and the CBT results before the official release date.

Liliana Bae, a Director of Gravity Business and an Executive Director of Gravity Interactive said that “We really appreciate all gamers who are patiently waiting for the global release of Ragnarok M: Eternal Love and we are going to satisfy global users with high-quality game.”

[Pre-Registration link] http://www.ragnaroketernallove.com/

[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