Seoul, Dec. 18, 2018 (GLOBE NEWSWIRE) -- South Korean games developer Gravity Co., Ltd.(“Gravity”) (NasdaqGM: GRVY) today announced that its US-based subsidiary Gravity Interactive, Inc.(“Gravity Interactive”) will be releasing the official version of Ragnarok M: Eternal Love in North America, South America, and Oceania on 9 January 2019.

Ragnarok M: Eternal Love took the number one slot in the Google Play and Apple App Store’s top grossing listings across the major Southeast Asian markets – including Thailand, Indonesia and the Philippines – within one day after launching. It remains one of the bestselling mobile games across Southeast Asia, demonstrating the tremendous traction of “Ragnarok IP power”.

The game has achieved more than 850,000 sign-ups in North America, South America, and Oceania since pre-registration opened on 28 November 2018, which indicates a similar level of success in these markets.

Liliana Bae, Director of Gravity Business and Executive Director of Gravity Interactive, said, “Ragnarok M: Eternal Love is ready to take on North America, South America, and Oceania. Following the great results the game has achieved across Asia, we are confident that with ‘Ragnarok IP Power’ driving it, it has what it takes to become the most popular game in the world.”

In advance of the official release, Gravity Interactive will be undertaking closed beta testing between 3 and 6 January (Pacific Standard Time), fine-tuning the game in line with feedback from verified test users.

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