U.S. Markets closed

GRAVITY ANNOUNCES FILING OF ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2018

Seoul, April 26, 2019 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 with the Securities and Exchange Commission on April 26, 2019. The annual report can be accessed on the Company’s investor relations Web site at http://www.gravity.co.kr/en/ir/notice/list.asp

The shareholders and ADS holders of Gravity may receive a hard copy of the annual report, which contains its audited consolidated financial statements, free of charge upon request. Requests should be directed to IR Unit, Gravity Co., Ltd., 15F, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795, South Korea.

In the annual report on Form 20-F, the consolidated revenues is KRW 286,770 million, Operating profit is KRW 33,368 million, and a net profit attributable to parent company is KRW 31,443 million for the fiscal year ended December 31, 2018.

(In millions of KRW)

  2018 2017 YoY
Revenues 286,770 141,623 102.5%
Operating profit 33,368 14,035 137.7%
Net profit attributable to parent company 31,443 13,319 136.1%


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