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Ragnarok M: Eternal Love Available for Pre-Registration in North America, South America, and Oceania

November 27, 2018

Seoul, South Korea, Nov. 27, 2018 (GLOBE NEWSWIRE) -- South Korean games developer Gravity Co., Ltd. (NasdaqCM: GRVY) today announced that its US-based subsidiary Gravity Interactive, Inc. will be opening pre-registration for Ragnarok M: Eternal Love across 43 territories including North America, South America, and Oceania at 6 PM PST November 27. The much-anticipated launch will be happening in January of 2019.

Ranking in the top listings of both Google Play and the Apple App Store in Southeast Asia, Ragnarok M: Eternal Love has achieved over 5 million downloads in Southeast Asia since launching on 31 October 2018. The game quickly took the number one slot in Google Play and the Apple App Store in Thailand, the Philippines and Indonesia, while also proving huge popularity in China, Taiwan, Hong Kong and Korea.

Ragnarok M: Eternal Love is an open world mobile MMORPG (massively multiplayer online role-playing game) based on the legendary online game Ragnarok Online. Building on the Ragnarok legacy that has millions of fans around the world, the new game brings cutting- edge 3D graphics to the much-loved classic art style.

Gravity announced that the publisher for Ragnarok Online in Thailand, the Philippines, Singapore, and Malaysia, Electronics Extreme accelerates to develop its new game based on Ragnarok IP.

Liliana Bae, Director of Gravity Business and Executive Director of Gravity Interactive, said, “We are going to reach out to North America, South America, and Oceania following our top ranking in Google Play and Apple App stores in Southeast Asia. We are confident that our game, based on Ragnarok IP, will rapidly become one of the most popular games in the world with its launch in these important new markets.”

Pre-registration link: http://www.romelglobal.com

Official Facebook page link: https://www.facebook.com/PlayRagnarokMGlobal/

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 currently offered in 81 markets and territories. 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 are valid 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

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