Ragnarok Tactics II Official Launch in Thailand on September 1st, 2022

Rhea-AI Summary

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of its mobile game, Ragnarok Tactics II, in Thailand on September 1, 2022. This tactical SRPG allows players to collect monsters and grow their characters, emphasizing strategic deployment for battles. The game was initially launched in Taiwan, Hong Kong, and Macau on May 11, 2022. GRAVITY is known for its popular Ragnarok Online game, available in 91 markets worldwide.

Positive

• Launch of Ragnarok Tactics II in Thailand could expand market presence.
• Initial launch success in Taiwan, Hong Kong, and Macau may indicate strong regional interest.

Negative

• No revenue or user metrics reported for the Thailand launch, which may limit investor insights.
• Market saturation in mobile gaming could pose challenges for new game adoption.

Seoul, Korea, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Seoul, South Korea – September 1st, 2022 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Gravity's wholly-owned subsidiary, Gravity Game Tech Co.,Ltd. has officially launched Ragnarok Tactics II in Thailand on September 1st, 2022.

Ragnarok Tactics II is a tactical SRPG that players collect monsters along with growing their characters. Players deploy their characters and monsters for the battle in the game. Considering the result of the battle is determined by how the monsters and characters are placed in the battle other than the character’s growth, Ragnorak Tactis II has a clear difference from other SRPGs.

Ragnarok Tactics II (also known as Ragnarok Monster’s Arena), a Card SRPG mobile game, was initially launched in Taiwan, Hong Kong and Macau on May 11, 2022.

[Gravity Game Tech Co., Ltd. Official Website] https://gravity.co.th/

[Gravity Game Tech Co., Ltd. Facebook] https://www.facebook.com/gravitygametech

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 markets and countries. 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. Somin Kim
Ms. Jeesun Lim
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7800

FAQ

What is the significance of GRVY's launch of Ragnarok Tactics II in Thailand?

The launch represents GRVY's strategy to expand its gaming portfolio in Southeast Asia, potentially increasing revenue.

When was Ragnarok Tactics II launched by GRAVITY?

Ragnarok Tactics II was officially launched in Thailand on September 1, 2022.

What type of game is Ragnarok Tactics II?

Ragnarok Tactics II is a tactical SRPG where players collect monsters and strategize character deployment in battles.

What markets did Ragnarok Tactics II enter before Thailand?

Before Thailand, Ragnarok Tactics II was launched in Taiwan, Hong Kong, and Macau on May 11, 2022.

How does Ragnarok Tactics II differ from other SRPGs?

It focuses on positioning characters and monsters, rather than solely on character growth, in determining battle outcomes.