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“The Ragnarok” Official Launching in Southeast Asia on October 31, 2024

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Gravity Co., (GRVY) has officially launched 'The Ragnarok', a 2D MMORPG mobile and PC game, in Southeast Asia on October 31, 2024. The game features 2D dot characters with 3D backgrounds, similar to Ragnarok Online, and includes orchestral BGM from Ragnarok concerts. The launch version includes 2-1st class of six major Ragnarok jobs and free trading features. The game has already shown success in other regions, achieving high rankings in Taiwan, Hong Kong, and Macao under the name 'Ragnarok: Novice Hearts', and receiving positive user reviews following its September launch in Korea.

Gravity Co., (GRVY) ha ufficialmente lanciato 'The Ragnarok', un gioco MMORPG 2D per dispositivi mobili e PC, nel Sudest asiatico il 31 ottobre 2024. Il gioco presenta personaggi a punti 2D con sfondi 3D, simile a Ragnarok Online, e include colonne sonore orchestrali dai concerti di Ragnarok. La versione di lancio comprende 2-1 classi delle sei principali professioni di Ragnarok e funzionalità di scambio libero. Il gioco ha già mostrato successo in altre regioni, raggiungendo posizioni elevate a Taiwan, Hong Kong e Macao sotto il nome di 'Ragnarok: Novice Hearts', e ha ricevuto recensioni positive dagli utenti dopo il lancio di settembre in Corea.

Gravity Co., (GRVY) ha lanzado oficialmente 'The Ragnarok', un juego MMORPG 2D para móviles y PC, en el sudeste asiático el 31 de octubre de 2024. El juego presenta personajes 2D con fondos 3D, similar a Ragnarok Online, e incluye música orquestal de los conciertos de Ragnarok. La versión de lanzamiento incluye 2-1 clases de seis trabajos principales de Ragnarok y características de comercio libre. El juego ya ha mostrado éxito en otras regiones, alcanzando altas posiciones en Taiwán, Hong Kong y Macao bajo el nombre de 'Ragnarok: Novice Hearts', y ha recibido críticas positivas de los usuarios tras su lanzamiento en septiembre en Corea.

Gravity Co., (GRVY)는 2024년 10월 31일 동남아시아에서 'The Ragnarok'이라는 2D MMORPG 모바일 및 PC 게임을 공식 출시했습니다. 게임은 Ragnarok Online과 유사하게 2D 점 캐릭터와 3D 배경을 특징으로 하며, Ragnarok 콘서트의 오케스트라 BGM이 포함되어 있습니다. 출시 버전에는 6개의 주요 라그나로크 직업 중 2-1 클래스와 자유 거래 기능이 포함되어 있습니다. 이 게임은 대만, 홍콩, 마카오에서 'Ragnarok: Novice Hearts'라는 이름으로 높은 순위를 기록하며 다른 지역에서도 성공을 거두었고, 9월 한국 출시 이후 사용자 리뷰도 긍정적이었습니다.

Gravity Co., (GRVY) a officiellement lancé 'The Ragnarok', un jeu MMORPG 2D pour mobile et PC, en Asie du Sud-Est le 31 octobre 2024. Le jeu met en avant des personnages 2D avec des arrière-plans 3D, similaire à Ragnarok Online, et comprend de la musique orchestrale des concerts de Ragnarok. La version de lancement inclut 2-1 classes des six principaux métiers de Ragnarok et des fonctionnalités de commerce libre. Le jeu a déjà rencontré du succès dans d'autres régions, atteignant des classements élevés à Taïwan, à Hong Kong et à Macao sous le nom de 'Ragnarok: Novice Hearts', et a reçu des avis utilisateur positifs après son lancement en septembre en Corée.

Gravity Co., (GRVY) hat offiziell 'The Ragnarok' gestartet, ein 2D MMORPG für mobile Geräte und PC, das am 31. Oktober 2024 in Südostasien veröffentlicht wurde. Das Spiel verfügt über 2D-Punktfiguren mit 3D-Hintergründen, ähnlich wie Ragnarok Online, und enthält orchestrale Musik aus Ragnarok-Konzerten. Die Startversion umfasst 2-1 Klassen von sechs Hauptberufen in Ragnarok und bietet Funktionen für kostenlosen Handel. Das Spiel hat bereits in anderen Regionen Erfolge erzielt, hohe Platzierungen in Taiwan, Hongkong und Macao unter dem Namen 'Ragnarok: Novice Hearts' erreicht und nach dem Launch im September in Korea positive Benutzerbewertungen erhalten.

Positive
  • Strong market performance in Taiwan, Hong Kong, and Macao with top rankings in free popular games
  • Successful monetization evidenced by top-grossing position in Apple App Store
  • Positive user reception in Korean market
  • Geographic expansion into Southeast Asian market
Negative
  • None.

Insights

The launch of The Ragnarok in Southeast Asia represents a significant market expansion for Gravity, building on their successful releases in Taiwan, Hong Kong, Macao and Korea. The game's strong performance in previous markets, particularly reaching top-grossing positions in the Apple App Store, indicates promising revenue potential. The Southeast Asian mobile gaming market is substantial, with high user engagement and monetization opportunities.

The game's strategic design choices, combining nostalgic 2D characters with modern 3D backgrounds, target both veteran Ragnarok fans and new players. The inclusion of orchestral BGM and trading features demonstrates attention to user experience and community building, which are important for long-term player retention and monetization. The successful reception in Korea and other Asian markets suggests strong potential for user acquisition and revenue generation in Southeast Asia.

Seoul, South Korea, Oct. 31, 2024 (GLOBE NEWSWIRE) -- - GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Gravity's wholly-owned subsidiary, Gravity Game Tech Co.,Ltd, officially launched the 2D MMORPG mobile and PC game, The Ragnarok, in Southeast Asia on October 31, 2024.

The Ragnarok embodies the same 2D dot characters and 3D background graphics as Ragnarok Online, creating more feel of the original. The official launch version opens up the 2-1st class of the six major Ragnarok jobs and allows users to trade without stalls, providing them more freedom. Each town has an orchestral BGM from the Ragnarok concert to add more immersive experience.

In June of this year,“Ragnarok: Novice Hearts”(Chinese Title: RO 仙境傳說:初心之戰) launched in Taiwan, Hong Kong, and Macao. After the pre-download began, it has been on the high rankings in free popular games in two major markets in three regions, and immediately after its launch, it was among the top-grossing titles in the Apple App Store. In addition, after launching in Korea under the name The Ragnarok in September, the service has been well smoothly, receiving many favorable reviews from users.

“We are thrilled to officially launch The Ragnarok in Southeast Asia,” Gravity Stated. “The Ragnarok gives more fun and convenience to users based on the authenticity of the original, and we believe it will once again prove Ragnarok's presence in the region. We've prepared a lot of events and rewards to celebrate the launch, so please enjoy it, and stay tuned for more content updates in the future.”

[Gravity Official Website]
http://www.gravity.co.kr

[The Ragnarok Official Website in Southeast Asia]
http://theragnaroksea.com/

[The Ragnarok Google Play Download Page]
https://play.google.com/store/apps/details?id=com.ggt.tr.google

[The Ragnarok Apple App Store Download Page]
https://apps.apple.com/th/app/the-ragnarok/id6575353957

[The Ragnarok Google Play Games Download Page]
https://play.google.com/store/apps/details?id=com.ggt.tr.google

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. Yujin Oh
Ms. Eseon Kwon
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7801


FAQ

When did Gravity (GRVY) launch The Ragnarok in Southeast Asia?

Gravity launched The Ragnarok in Southeast Asia on October 31, 2024.

What markets has The Ragnarok (GRVY) been released in before Southeast Asia?

Before Southeast Asia, the game was released in Taiwan, Hong Kong, and Macao in June 2024 as 'Ragnarok: Novice Hearts', and in Korea in September 2024 as 'The Ragnarok'.

How has The Ragnarok performed in other markets for Gravity (GRVY)?

The game achieved high rankings in free popular games in Taiwan, Hong Kong, and Macao, reaching top-grossing positions in the Apple App Store, and received favorable reviews in Korea.

GRAVITY Co., Ltd.

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