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Gravity Announces Listing Transfer to the NASDAQ Global Market

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Seoul, South Korea, Aug. 27, 2018 (GLOBE NEWSWIRE) -- Seoul, South Korea – August 27, 2018 – GRAVITY Co., Ltd. (NasdaqCM: GRVY) ("Gravity" or "Company"), a developer and publisher of online and mobile games based in South Korea, today announced that it received a positive determination from the Listing Qualifications department of The NASDAQ Stock Market ("NASDAQ") on August 23, 2018, granting approval of the Company's request to transfer its listing to The NASDAQ Global Market® ("Global Market") from The NASDAQ Capital Market® ("Capital Market"). The Company's American Depository Shares ("ADS") will begin trading on Global Market effective at the start of trading on Tuesday, August 28, 2018. The Company's ADSs will continue to trade under the symbol "GRVY".

Commenting on the move, Mr. Park, Hyun Chul, Gravity's Chief Executive Officer, said, "The transfer of Gravity's ADS to the NASDAQ Global Market reflects Gravity's growth over the past years and rising ADS price."

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

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