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

Rhea-AI Summary

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.

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.

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.