Ragnarok X: Next Generation Official Launch in South Korea in the Second Half of 2022

Rhea-AI Summary

GRAVITY Co. Ltd. (NasdaqGM: GRVY) announced the upcoming launch of Ragnarok X: Next Generation in Korea in the second half of 2022. Following successful launches in Taiwan, Hong Kong, and Macau, where it topped gross revenue on Apple App Store and Google Play, the game also achieved significant success in Thailand, Indonesia, and the Philippines. This anticipated release in Korea is expected to raise user expectations and further leverage the popularity of the Ragnarok brand.

Positive

• Successful launch in Taiwan, Hong Kong, and Macau, achieving top grossing status.
• Strong performance in Southeast Asia with first rankings in Thailand, Indonesia, and the Philippines.
• Multiple awards at Google Play’s Best Games of 2021 highlighting the game's potential.

Negative

• None.

Seoul, Korea, July 04, 2022 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, today announced that Ragnarok X: Next Generation, an MMORPG mobile game, will be launched in Korea in the second half of 2022.

After its launch in Taiwan, Hong Kong and Macau on October 15, 2020, Ragnarok X: Next Generation successfully ranked as the first in the top grossing of Apple App Store and Google Play.

Furthermore, in June 2021, Ragnarok X: Next Generation ranked the first in Apple App Store in Thailand, Indonesia and Philippines. The game also had won multiple awards at Google Play’s Best Games of 2021 showing its potential of the Ragnarok IP once again.

The users’ expectation of the game seems to become higher with the launch of Ragnarok X: Next Generation in Korea.

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

FAQ

When will Ragnarok X: Next Generation launch in Korea?

Ragnarok X: Next Generation is set to launch in Korea in the second half of 2022.

What market performance has Ragnarok X: Next Generation seen?

The game topped grossing charts in Taiwan, Hong Kong, Macau, and ranked first in Thailand, Indonesia, and the Philippines.

What awards has Ragnarok X: Next Generation received?

The game won multiple awards at Google Play’s Best Games of 2021.

What is GRVY's stock symbol?

GRVY is the stock symbol for GRAVITY Co., Ltd.