Gravity (GRVY) outlines 2025 results and director pay cap ahead of AGM

Rhea-AI Filing Summary

Gravity Co., Ltd. has called its Annual General Meeting of Shareholders for March 27, 2026 in Seoul, inviting shareholders of record as of December 31, 2025. The meeting will review 2025 audit results, business reports and internal control over financial reporting.

Shareholders will vote on approving the 2025 consolidated and non-consolidated financial statements, appointing directors, and setting the 2026 director compensation ceiling at KRW 4 billion. Preliminary consolidated figures show 2025 revenues of KRW 560,547 million and net income of KRW 67,309 million, with total assets of KRW 742,662 million. Non-consolidated revenues were KRW 186,121 million and net income KRW 82,821 million.

The company notes these Korean IFRS financial statements are not yet fully audited and may change once the independent auditor’s opinion is issued. The agenda also includes reappointment of 10 directors and the appointment of 1 new director.

Insights

Equity analyst

Gravity posts higher 2025 revenue but lower profit; AGM to confirm results and board.

Gravity Co., Ltd. plans to have shareholders approve 2025 Korean IFRS financial statements and director matters at the March 2026 AGM. Preliminary consolidated data show revenue of KRW 560,547 million and net income of KRW 67,309 million, alongside higher total assets of KRW 742,662 million.

Compared with 2024, revenue and total shareholders’ equity increased, while operating income and net income declined on both a consolidated and non-consolidated basis. This points to solid top-line performance but some pressure on profitability, though the causes are not detailed in the excerpt.

The company stresses these 2025 figures are unaudited and may change after the independent auditor’s opinion. A key governance point is the proposal to keep the 2026 director remuneration ceiling at KRW 4 billion, while reappointing 10 directors and adding 1 new director, maintaining continuity in leadership unless shareholders vote otherwise.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number 000-51138

GRAVITY CO., LTD.
———————————————————————————————————————

(Translation of registrant’s name into English)

15F, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795, Korea

———————————————————————————————————————
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.  Form 20-F   Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): 

PUBLIC NOTICE FOR CONVOCATION OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF GRAVITY CO., LTD. (the "Company")

We would like to inform the Company’s shareholders that the Annual General Meeting of Shareholders (“AGM”) will be held pursuant to Article 22 of the Articles of Incorporation and that all shareholders registered as of December 31, 2025 are cordially invited to attend the Annual General Meeting of Shareholders.

1. Date and Time: Friday, March 27, 2026, at 10:00 A.M. (Seoul Time)

2. Venue: Conference Room #2 located at 3F, Business Tower, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795 Korea

3. Agenda

a) Agenda to be reported

Agendum 1: Audit Results, Business Reports and Management’s Report on Internal Control over Financial Reporting for the Fiscal Year 2025 (from January 1, 2025 to December 31, 2025)

b) Agenda to be proposed for resolution

Agendum 1: Approval of Consolidated and Non-consolidated Financial Statements for the Fiscal Year 2025

2: Approval of Appointment of Directors

3: Approval of the Compensation Ceiling for Directors in 2026

Agendum 1: Approval of Consolidated and Non-consolidated Financial Statements for the Fiscal Year 2025

<Summary of Consolidated Financial Statements>

			2024			2025									2024			2025
			(In millions of Korean Won)												(In millions of Korean Won)
Total Assets			686,459			742,662						Revenues			500,845			560,547
Total liabilities			118,096			105,295						Operating Income			86,189			79,030
Capital stock			3,474			3,474						Income before income tax			106,347			90,939
Total shareholders’ equity			568,363			637,367						Net Income			84,902			67,309

<Summary of Non-consolidated Financial Statements>

			2024			2025									2024			2025
			(In millions of Korean Won)												(In millions of Korean Won)
Total Assets			462,097			539,639						Revenues			179,303			186,121
Total liabilities			43,443			38,165						Operating Income			44,190			43,022
Capital stock			3,474			3,474						Income before income tax			102,346			98,145
Total shareholders’ equity			418,654			501,474						Net Income			87,892			82,821

* The consolidated financial statements and the non-consolidated financial statements in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (Korean IFRS).

* The consolidated financial statements and non-consolidated financial statements are not completely audited and would be subject to availability. Please refer to the consolidated financial statements and non-consolidated financial statements including the independent auditor’s opinion, due to be disclosed later.

Agendum 2: Approval of Appointment of Directors

- 10 persons are nominated for reappointment as the term expire in March 2026 and 1 person is nominated for appointment.

Name			Major experience			Memo
Hyun Chul Park			Gravity Co., Ltd., Chief Executive Officer (2011-present), Corporate Management Office, Officer (2009-2011) Gravity NeoCyon, Inc., Director (2009-present), Chief Operating Officer (2012-present), Chief Strategy Officer (2010-2012) Gravity Games Corporation, Director (2010-2018) Gravity Interactive, Inc., President (2021-present), Director (2014-present) Gravity Communications Co., Ltd., Director (2018-2023) Gravity Game Arise Co., Ltd., Director (2019-2021) GungHo Online Entertainment, Inc., General Manager of GV Business Division (Formerly known as International Business Division) (2007-present) Tokyo College of Technology (currently, Tokyo College of Automotive Technology), Diploma in Automotive Maintenance (1998)			Reappointment
Yoshinori Kitamura			Gravity Co., Ltd., Chairman of the Board of Directors (2011-present), Executive Director and Chief Operating Officer (2008-present), Chief Compliance Officer (2022-present) Gravity NeoCyon, Inc., Chief Executive Officer (2009-present), Director (2008-2009) Gravity Interactive, Inc., Chief Executive Officer (2008-present) Gravity Entertainment Corporation, Chief Executive Officer (2008-2019) Gravity Games Corporation, Director (2010-2018) Gravity Communications Co., Ltd., Chief Executive Officer (2018-present) PT Gravity Game Link, Chief Executive Officer (2019-present) Gravity Game Tech Co., Ltd., Chief Executive Officer (2019-present) Gravity Game Arise Co., Ltd., Chief Executive Officer (2019-present) Gravity Game Hub PTE., Ltd., Chief Executive Officer (2021-present) Gravity Game Vision Limited, Chief Executive Officer (2022-present) Gravity Game Unite Sdn. Bhd., Chief Executive Officer (2025-present) GungHo Online Entertainment, Inc., Director (2006-present), Executive General Manager of GV Business Division (Formerly known as International Business Division) (2007-present), General Manager of Marketing Division (2003-2007) Bunkyo University, B.A. in English Language and Literature (1992)			Reappointment

Kazuki Morishita			Gravity Co., Ltd., Executive Director (2008-present) GungHo Online Entertainment, Inc., Chief Development Officer (2026.2-Present), Chairman of the Board of Directors(2026. 2-Present) President & Chief Executive Officer(2004-2026.1), Representative Director(2004-2026.01) Chief Operating Officer (2002-2004) Game Arts Co., Ltd., Chairman of the Board of Directors (2026. 2-Present), Chief Executive Officer (2008-2026.1), Director (2005-2008) GungHo Online Entertainment America, Inc., Director (2012-present) SUPER TRICK GAMES, Inc., Chairman (2022-present), Chief Executive Officer (2018-2022), Director (2013-2018) SQUAD STARS, Inc., Chairman & CEO (2024-present), Chief Executive Officer (2023-2024) Grasshopper Manufacture, Inc., Director (2018-2021) Alim Co., Ltd. Chairman (2024-present) High School affiliated with Chiba University of Commerce (1992)			Reappointment
Kazuya Sakai			Gravity Co., Ltd., Executive Director (2009-present) GungHo Online Entertainment, Inc., President,& Chief Executive Officer (2026.2-present), Representative Director (2026.2-present), Chief Financial Officer (2004-2026.1), Director (2005- 2026.01), Investor Relations Officer (2011-2014) GungHo Online Entertainment America, Inc., Director (2012-present) SUPER TRICK GAMES, Inc., Director (2013-present) Gungho Online Entertainment Asia Pacific PTE. Ltd., Director (2014-present) GAME ARTS Co., Ltd., Chief Executive Officer(2026.2-present), Director (2017-2026.1) SQUAD STARS, Inc., Director (2023-present) Acquire Corp., Auditor (2011-2015), Director (2015-2023) PlayPhone, Inc., Director (2015-2019) Grasshopper Manufacture, Inc., Director (2018-2021) mspo, Inc., Director (2018-2021) Alim Co., Ltd. Director (2024-present) Kyushu Sangyo University, B. Com.(1987)			Reappointment
Koji Yoshida			Gravity Co., Ltd., Executive Director (2024-present) GungHo Online Entertainment, Inc., Director (2012-present), Executive General Manager of Business Administration Division and Chief Customer Officer and Chief Crisis Management Officer (2011-present) Gungho Online Entertainment Asia Pacific PTE. Ltd., Director (2014-present) SQUAD STARS, Inc., Director (2023-present) Acquire Corp., Director (2014-2023) Alim Co., Ltd. Director (2024-present) Keio University, B.A. in Economics (1977)			Reappointment

Chung Lew			Gravity Co., Ltd., Independent Director (2011-present) HyeWon Memorial Cultural Foundation, Director (2025-present) Merry Year International, Director (2014-present) Samhasa GP, Representative Partner (2007- present) Euidang Foundation, Chair of the Board of Trustees (2007-present) University of Southern California, B.A. in East Asian Languages and Cultures (1984) Waseda University, M.A. in Commerce (1987) INSEAD, MBA (1995)			Reappointment
Yong Seon Kwon			Gravity Co., Ltd., Independent Director (2019-present) Jeongmyeong Metal Co., Ltd., Auditor (2024-present) Jeonghyeon Tax Services Company, Director (2019-2024) Sokcho Tax office, Taxpayer Advocate Manager (2015-2018) Jungbu Regional Tax office, Litigation Officer (2012-2014) Jungbu Regional Tax office, Investigation Team Manager (2010-2012) National Tax Service, Tax Office, Investigator (1983-2009) University of Seoul, B.A. in Accounting (1986)			Reappointment
Kee Woong Park			Gravity Co., Ltd., Independent Director (2020-present) APEX LLC., Chief Managing Partner (2009-present) Construction Guarantee, Management Committee Member (2023-present) Trust Science Institute of Korea, Vice President (2019-present) Kwang-Sung School Foundation, Director (2014- present) The Judicial Research & Training Institute, Supreme Court of the Republic of Korea (1989) University of British Columbia, Asia Law Center (Visiting Scholar) (2004-2005) Seoul National University, College of Law (LL.B.) (1985)			Reappointment

Heung Gon Kim			Gravity Co., Ltd., Director (2021-present), Chief Financial Officer (2008-present), Accounting team manager (2004-2006), Accounting Treasury General Manager (2006-2007), Executive General Manager of Finance Division (2007-2008) Gravity Interactive, Inc., Vice President (2021-present), Chief Financial Officer (2009-2020), Director (2011-present) Gravity Games Corporation, Director (2010-2018), Chief Executive Officer (2013-2018), Liquidator (2018) Gravity Entertainment Corporation, Director (2011-2019) Gravity NeoCyon, Inc., Director and Chief Financial Officer (2011-present) Gravity Communications Co., Ltd., Director and Chief Financial Officer (2018-present) PT Gravity Game Link, Director (2019-present) Gravity Game Tech Co., Ltd., Director (2019-present) Gravity Game Arise Co., Ltd., Director (2019-present) Gravity Game Hub PTE., Ltd., Director and Chief Financial Officer (2021-present) Gravity Game Vision Limited, Director and Chief Financial Officer (2022-present) Gravity Game Unite Sdn. Bhd., Director and Chief Financial Officer (2025-present) Modottel, Inc., Accounting team manager (2002-2004) Chung Ang University, B.A. in Accounting (1992)			Reappointment
Geum Ok Sim			Gravity Co., Ltd., Independent Director (2024-present) Daeyul Accounting Corporation, Director (2024-present) G-Pyung Accounting Corp., Director (2019-2024) Jinil Accounting Corp, Director (2018-2019) Gachon University, Adjunct Professor in Dept. of B.A. (2017-2018) Eujin Accounting Corp, Director (2016-2018) T-Stone Co., Ltd., TIME Education Co., Ltd., Director (2008-2016) KPMG Samjong Accounting Corp., Audit Team Manager (2001-2008) KPMG SanTong Accounting Corp., Accountant (1996-2000) Registered as a member of the KICPA (Certified Public Accountant)(1998) & KICTA (Certified Tax Accountant)(1999) Gachon University, Ph.D. in Accounting & Taxation (2021) Yonsei University, M.A. in Business Law (2017) Kyungwon University, B.A. in Accounting (1996)			Reappointment
Yeong Ah Park			Korean Women Association of Certified Public Accountants, Director (2025–Present) Seohyun Accounting Corporation, Partner (2024–Present) Seohyun Accounting Corporation, Director (2020–2024) Samsung Securities Pension Business Division, Senior Manager (2015–2020) Samil PricewaterhouseCoopers, Manager (2012–2015) Samil PricewaterhouseCoopers, Accountant (2007–2012) Kookmin University, B.A in Accounting Information (2006)			Appointment

Agendum 3: Approval of the Compensation Ceiling for the Directors in 2026

- For 2026, it is proposed to maintain KRW 4 billion as the total remuneration limit for Directors.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GRAVITY CO., LTD.
By:			/s/ Heung Gon Kim
Name:			Heung Gon Kim
Title:			Chief Financial Officer

Date: March 6, 2026

FAQ

What is Gravity Co., Ltd. (GRVY) asking shareholders to approve at the 2026 AGM?

Gravity seeks shareholder approval of its 2025 consolidated and non-consolidated financial statements, the appointment and reappointment of directors, and a 2026 director compensation ceiling of KRW 4 billion. The meeting also reports audit results, business reports, and internal control findings.

When and where will Gravity (GRVY) hold its 2026 Annual General Meeting?

The AGM is scheduled for 10:00 a.m. (Seoul time) on March 27, 2026 at Conference Room #2, 3F, Business Tower, 396 World Cup buk-ro, Mapo-gu, Seoul. Shareholders registered as of December 31, 2025 are invited to attend and vote on the agenda.

How did Gravity’s consolidated financial results for 2025 compare to 2024?

Preliminary consolidated results show 2025 revenue of KRW 560,547 million versus 2024’s KRW 500,845 million, with net income of KRW 67,309 million versus KRW 84,902 million. Total assets rose to KRW 742,662 million and shareholders’ equity to KRW 637,367 million in 2025.

Are Gravity’s 2025 financial statements in the 6-K audited and final?

No. Gravity states the 2025 consolidated and non-consolidated financial statements under Korean IFRS are not completely audited and may change. Investors are directed to review the full financial statements and the independent auditor’s opinion when these are disclosed later.

What are Gravity’s key non-consolidated 2025 figures disclosed for GRVY?

Non-consolidated 2025 figures show total assets of KRW 539,639 million, revenues of KRW 186,121 million, operating income of KRW 43,022 million, and net income of KRW 82,821 million. Total shareholders’ equity was KRW 501,474 million, with capital stock unchanged at KRW 3,474 million.

What changes to Gravity’s board of directors are proposed in this 6-K filing?

Gravity proposes reappointing 10 directors, including executive and independent directors, whose terms expire in March 2026, and appointing 1 new director. The filing lists each nominee’s major experience, highlighting continuity in management roles across Gravity’s group entities and affiliates.