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Ragnarok M: Eternal Love Becomes a Hit in Southeast Asia! Grossing Rank No. 1 in iOS in 4 Countries on the Launching Day!

Seoul, South Korea, Nov. 01, 2018 (GLOBE NEWSWIRE) --  GRAVITY Co., Ltd. (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”) just launched Ragnarok M: Eternal Love in Southeast Asia and has been hit in Southeast Asia.

Gravity announced that Ragnarok M: Eternal Love ranked as the first in Apple’s App Store in Thailand, the Philippines, Indonesia and Brunei based on revenues and ranked the first in 6 countries on Apple’s App Store based on free downloads.

Especially, Ragnarok M: Eternal Love ranked the first in Apple’s App Store in four major markets in Southeast Asia on the launching day. Such game already swept Asian markets including Korea, China and Taiwan.

It is meaningful that based on free downloads, the game ranked the first in Apple’s App store in Thailand, the Philippines, Indonesia, Brunei, Malaysia and Singapore among 9 countries, where have Apple’s App store.

In addition, it recorded over 1,270,000 downloads, 2,910,000 pre-registration signups and over 940,000 likes on official Facebook, emerging as the core of the typhoon in the Southeast Asian market.

Liliana Bae, Director of Gravity Business and Executive Director of Gravity Interactive said that "I'm very pleased and thankful for Ragnarok M: Eternal Love’s achievement just in a day after its release in Southeast Asian markets with great potential. We will grow together through active communications with Southeast Asian users. We also are planning to launch "Ragnarok M: Eternal Love" in Japan next year so we hope gamers look forward to it.

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.

Gravity, on the other hand, has significant performance in the Southeast Asian markets where have about 650 million populations and more than 5 percent annual growth rate, and expects to have a positive impact on the future growth of companies based on Ragnarok IP.

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