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Correction: 仙境传说:破晓 (Ragnarok: Dawn, Tentative English Title) Received an ISBN from the Chinese Government

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Gravity Co. (NasdaqGM: GRVY) announced that their fantasy action MMORPG game, 仙境传说:破晓 (Ragnarok: Dawn), co-developed with Teamtop Interactive, received an ISBN from the Chinese government on June 5, 2024. This marks the second Ragnarok title to receive an ISBN in 2024, following Ragnarok Online in February. Previous titles Ragnarok Origin and Ragnarok X: Next Generation received ISBNs in August 2023 and December 2023, respectively. Ragnarok: Dawn features major terrains, characters, and monsters from the Ragnarok universe, combining simplified combat operations with AI assistance. Gravity aims to deliver a high-quality gaming experience for players.

Positive
  • Ragnarok: Dawn received an ISBN from the Chinese government, facilitating its official release in China.
  • This is the second Ragnarok title to receive an ISBN in 2024, showing a consistent pattern of approvals.
  • Ragnarok: Dawn features simplified combat operations with AI assistance, enhancing user experience.
  • Gravity has a history of successfully releasing Ragnarok titles, indicating strong brand continuity and market acceptance.
  • The game is co-developed with a well-established Chinese developer, Teamtop Interactive, providing local expertise.
Negative
  • Correction issued regarding the ISBN date for Ragnarok X: Next Generation, indicating previous reporting errors.
  • Correction issued clarifying that Ragnarok: Dawn is not the fourth Ragnarok title to receive an ISBN, suggesting earlier communication inaccuracies.
  • Repeated corrections may impact investor confidence in the company's communication accuracy.

Seoul, South Korea, June 14, 2024 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that 仙境传说:破 (“Ragnarok: Dawn”, Tentative English Title), a fantasy action MMORPG game, received an ISBN by Chinese government disclosed on June 5, 2024.

The game is co-developed by Guangdong Xinghui Teamtop Interactive Entertainment Co.,Ltd. (“Teamtop Interactive”), a game developer and publisher in China. Gravity entered into an agreement with Teamtop Interactive granting them the right to use the Ragnarok IP to develop and distribute the game in China.

Ragnarok: Dawn marks the second issued ISBN in 2024 as Ragnarok title following Ragnarok Online in February 2024. Also, Ragnarok Origin and Ragnarok X: Next Generation received ISBNs in August 2023 and in December 2023, respectively.

Ragnarok: Dawn is a Korean-style fantasy MMORPG that features major terrains, characters, and monsters from the Ragnarok universe, illustrated with warm tones to create a cartoon-like feel that reduces eye strain. In addition, the game simplifies combat operations with AI assistance, allowing for easier control.

Gravity said that “We are pleased that Ragnarok: Dawn obtained an ISBN. We are committed to preparing a high-quality game that players can enjoy at any time, ensuring excellent performance and success.”

Correction
Ragnarok X: Next Generation received its ISBN from Chinese government in December 2023. An earlier version misstated this as December 2013.

Ragnarok: Dawn is not the fourth issued ISBN as Ragnarok title. An earlier version misstated this.

About GRAVITY Co., Ltd. ---------------------------------------------------

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 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

Contact:

Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Jin Lee
Ms. Shin Choi
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7800


FAQ

What is Ragnarok: Dawn?

Ragnarok: Dawn is a fantasy action MMORPG co-developed by Gravity Co. and Teamtop Interactive.

When did Ragnarok: Dawn receive its ISBN?

Ragnarok: Dawn received its ISBN from the Chinese government on June 5, 2024.

What feature does Ragnarok: Dawn offer for easier control?

Ragnarok: Dawn offers simplified combat operations with AI assistance.

What is the stock symbol for Gravity Co.?

The stock symbol for Gravity Co. is GRVY.

How many Ragnarok titles received ISBNs in 2024?

Two Ragnarok titles, including Ragnarok: Dawn, received ISBNs in 2024.

GRAVITY Co., Ltd.

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