Ragnarok M: Eternal Love Launching in Japan on June 5, 2019

Seoul, June 04, 2019 (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 Ragnarok M: Eternal Love (locally named Ragnarok Masters in Japan) is going to be launched in Japan on June 5, 2019 by GungHo Online Entertainment Inc.

Ragnarok M: Eternal Love has achieved more than 24 million downloads all over the world - including Taiwan, Korea, Southeast Asia, North America, South America, and Oceania. The game has taken the number one slot in the Google Play and Apple App Store's top grossing listings across the globe.

The Official Website: https://ragnarokm.gungho.jp/

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.

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, 2018 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

Ms. Min Ji Oh

IR Unit

Gravity Co., Ltd.

Email: ir@gravity.co.kr

Telephone: +82-2-2132-7800