GRVY Gravity Co Ltd

Seoul, South Korea – April 14, 2023 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok Origin was successfully launched in Southeast Asia on April 6, 2023.

Ragnarok Origin ranked the top in free downloads of the Apple App Store in Thailand, Indonesia, the Philippines, Malaysia, and Singapore after the game was launched on April 6, 2023. The game also ranked the top in Thailand, Indonesia, the Philippines, and Singapore and ranked second in Malaysia in the top-grossing of Apple App Store, respectively. Ragnarok Origin also placed at the top in free downloads of Google Play Store in Thailand, the Philippines, Malaysia, and Singapore. The game also placed second in the top-grossing of Google Play Store in the Philippines, Thailand, and Singapore.

In early April, Gravity Game Hub, Gravity’s subsidiary in Singapore, unveiled a TVC featuring Ambassador and the regional Ambassador at the Press Conferences held in the Philippines, Thailand, and Indonesia, respectively. Additionally, the ground train in Bangkok, Thailand which designed the entire interior and exterior with the image of Ragnarok Origin, is in operation.

Gravity Game Hub, Gravity’s subsidiary in Singapore, is publishing Ragnarok Origin in Southeast Asia, and various launching celebration events will be provided.

[Ragnarok Origin_Official Website] http://www.roglobal.com

[Gravity Game Hub PTE.,Ltd._Official Website] https://www.gnjoy.asia/

[Gravity Official Website] http://www.gravity.co.kr

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

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 91 markets and countries. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:

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

Ms. Jeesun Lim IR Unit Gravity Co., Ltd. Email: ir@gravity.co.kr Telephone: +82-2-2132-7800