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GRAVITY Co. , Ltd.
Type Public (NASDAQ: GRVY)
Founded April 2000
Headquarters Seoul, Republic of Korea
Key people Ryu, Il Young, Chairman & CEO
Baik, Seungtaik, COO
Lee, Jonathan J. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. April 2000: January - February - March - April - May - June - July - August - September Seoul ( soʊl is the Capital and largest City of South Korea. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː , CFO
Industry Software & Programming
Products MMORPG and Mobile video games
Revenue ▼ US$40,963,000 (2006)[1]
Net income ▼ US$(22,265,000) (2006)
Subsidiaries Gravity Interactive, Inc.
Website Gravity Co., Ltd. Korean

GRAVITY Co. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" A video game is a Game that involves interaction with a User interface to generate visual feedback on a video device. In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need A massively multiplayer online role-playing game ( MMORPG) is a genre of Computer role-playing games (CRPGs in which a large number of players interact with A video game is a Game that involves interaction with a User interface to generate visual feedback on a video device. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Founded in March 2003 Gravity Interactive LLC was created to host games for North America developed by GRAVITY Co A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages , Ltd. (also known as Gravity Corporation) NASDAQ: GRVY (Korean:그라비티 주식회사) is a South Korean videogame corporation primarily known for the development of the MMORPG Ragnarok Online. The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː A corporation is a separate legal entity usually used to conduct business A massively multiplayer online role-playing game ( MMORPG) is a genre of Computer role-playing games (CRPGs in which a large number of players interact with Ragnarok Online (라그나로크 온라인 often referred to as RO, is a Massively multiplayer online role-playing game or MMORPG created by

Contents

History

The corporation started as a small business in Shinsa-dong, Kangnam-ku, Seoul, South Korea and has expanded to an international corporate interest with a several subsidiary divisions. Seoul ( soʊl is the Capital and largest City of South Korea. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː On 8 February 2005, Gravity Corporation made their IPO and traded $108 million US dollars on NASDAQ under the ticker symbol GRVY. Events 421 - Constantius III becomes co- Emperor of the Western Roman Empire. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Initial public offering (IPO, also referred to simply as a "public offering" is when a company issues Common stock or shares to the public for the first The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. A stock symbol or ticker symbol is a Mnemonic used to uniquely identify publicly-traded shares of a Corporation on a particular Stock market [2]

The company has had a rather turbulent history initially involving internal political conflicts between CEO (Kim Hakkyu (who eventually left the company), and company president Jung Ryool Kim (who later assumed control as CEO), but has since stablised and expanded operations to all of north and south-east Asia through supervised partnerships with native corporate entities. However, while Gravity Corporation's flagship product Ragnarok Online is considered a success in Asia, operations are not as well developed in Europe and the United States in comparison to similar products marketed and developed there. Ragnarok Online (라그나로크 온라인 often referred to as RO, is a Massively multiplayer online role-playing game or MMORPG created by The United States of America —commonly referred to as the

On August 30, 2005, Jung Ryool Kim, the controlling shareholder, sold his 52% stake and set plans to quit as a director. Events 1363 - Beginning date of the Battle of Lake Poyang; the forces of two Chinese rebel leaders— Chen Youliang and The buyers of his shares were Ezer and Techno Groove of Japan, a pair of technology ventures controlled by Il Young Ryu and Taizo and Masayoshi Son. After becoming the new majority shareholder, on September 13, 2005, Il Young Ryu was named by Gravity as its new chairman and joint chief executive. Events 509 BC - The Temple of Jupiter on Rome 's Capitoline Hill is dedicated on the ides of September Il Young Ryu is also the founder of Area Network Limited and the CEO of Internet Japan. In December, 2006, Techno Groove merged into Asian Groove, and ceased to exist. Events in December Union Day of Romania (1 December World AIDS Day ( December 1) National Day of Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. EZER subsequently returned Techno Groove's investment of 9. 9 billion yen to Asian Groove, which gave up any interest in Gravity. On October 19, 2007, EZER sold their interest in Gravity to Son Assets Management or SAM. Events 202 BCE - The Battle of Zama results in the defeat of Carthage and Hannibal. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. [3][4][5][6]

On May 22, 2006, Gravity announced it had invested $9 Million in US game developer Perpetual Entertainment. Events 334 BC - The Greek army of Alexander the Great defeats Darius III of Persia in the Battle of the Granicus. Perpetual Entertainment, founded in March 2002 was an American developer, publisher and Operator of networked Multiplayer games and Consequently, Gravity received a position on Perpetual's board of directors. Gravity also received "priority rights for future access to contents and other intellectual property rights of Perpetual Entertainment. "[7] On November 21, 2007, Gravity announced they had lost their investment after Perpetual cancelled its development of the MMORPG Gods and Heroes. Events 164 BC - Judas Maccabaeus, son of Mattathias of the Hasmonean family restores the Temple in Jerusalem. Gods & Heroes Rome Rising (abbreviated as G&H or GnH) was the title of an MMORPG in development by Perpetual Entertainment that The loss would be reflected in their financial statement for 2007. [8]

On December 5, 2007, Gravity announced they had formed a new US-based game developer, L5 Games. Events 63 BC - Cicero reads the last of his Catiline Orations. L5 is a subsidiary of Gravity Interactive, Inc. and is based in San Mateo, California. San Mateo ( "san muh-TAY-o") is a city in San Mateo County, California, United States The company is composed of former Blizzard Entertainment employees. Blizzard Entertainment is an American Video game developer and publisher headquartered in Irvine California. [9]

On February 14, 2008, GungHo Online Entertainment Inc. Events 842 - Charles the Bald and Louis the German swear the Oaths of Strasbourg in the French and German obtained 52. 4% stake of Gravity. [10]

Diversion of Revenues Under Previous Management

From 2002 through 2004, Gravity's chairman Mr. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Jung Ryool Kim diverted approximately $6 Million in revenue from the company to himself. In 2005, Kim sold his shares of Gravity to EZER, Inc. , a Japanese corporation. Kim paid the company back KRW 7. 8 billion on October 17, 2005. Events 539 BC - King Cyrus The Great of Persia marches into the city of Babylon, releasing the Jews from almost After an investigation, Gravity and Kim reached a final settlement where Mr. Kim would additionally pay Gravity "in part to reimburse the Company for certain of the costs and expenses incurred by the Company in connection with the investigation of the former Chairman's diversion of revenues otherwise due to the Company. " Both parties agreed to cease any civil and crimial litigation against one another. As a result of the investigation, Gravity was forced to restate its financial statements for the years 2002-2004. [11][12][13]

Settlement, Conclusion Of Litigation

In 2006, two U. S. based hedge funds created a committee for "fair treatment of minority shareholders" which initiated litigation charging that the majority shareholders and officers have violated their fiduciary obligations. A hedge fund is a private Investment fund open to a limited range of investors which is permitted by regulators to undertake a wider range of activities than other investment

The funds, Moon Capital Management and Ramius Capital Group, both headquartered in New York City, demanded that Gravity call an extraordinary general meeting of the shareholders to give them a chance to vote Il Young Ryu out of office. The City of New York Their demands were in time successful, and a meeting was scheduled for December 26. Events 1481 - Battle of Westbrook - Holland defeats troops of Utrecht.

On June 11, 2007, Gravity announced that it and other defendants had reached an agreement in principle to settle the class action litigation brought on behalf of purchasers of the Company's American Depository Shares during the period from February 7, 2005 November 10, 2005, inclusive. Events 1184 BC - Trojan War: Troy is sacked and burned according to the calculations of Eratosthenes. $10 Million was set aside to pay the plaintiffs, $5 Million of which came directly from Gravity, in exchange for being released from any liability. However, the company continued to deny any wrongdoing. [14]

On January 7, 2008, Gravity announced that the federal judge presiding over the consolidated class action approved the settlement of the class action. Events 1325 - Alfonso IV becomes King of Portugal. 1558 - France takes Calais, the last continental In addition, no plaintiff has filed an appeal during the 30-day time appeal period which expired on December 21, 2007. [15]

Game titles

The following are games that have been published and/or are currently being developed by Gravity.

Requiem : Bloodymare

Requiem : Bloodymare (Korean:레퀴엠 온라인), often referred to as Requiem, is a massively multiplayer online role-playing game created by Gravity. This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system A massively multiplayer online role-playing game ( MMORPG) is a genre of Computer role-playing games (CRPGs in which a large number of players interact with It was first released in South Korea on 31 August 2007 for Microsoft Windows and has since been released in many other locales around the world. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː Events 1056 - Byzantine Empress Theodora becomes ill dying suddenly a few days later without children to succeed the Throne Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Microsoft Windows is a series of Software Operating systems and Graphical user interfaces produced by Microsoft. Much known as its Gory ragdoll death sequence.


Ice Age Online

On January 14, 2008, the Company announced an exclusive seven year deal with 20th Century Fox Licensing and Merchandising to develop and publish "Ice Age Online", an online game based on FOX's Ice Age (film) motion picture franchise. Ice Age is a feature-length computer-animated Film created by Blue Sky Studios and released by 20th Century Fox in 2002 "Ice Age Online" is expected to be released in the third quarter of 2009.

Ragnarok

Main article: Ragnarok Online

Ragnarok Online (Korean:라그나로크 온라인), often referred to as RO, is a massively multiplayer online role-playing game created by Gravity based on the manhwa Ragnarok by Lee Myung-Jin. Ragnarok Online (라그나로크 온라인 often referred to as RO, is a Massively multiplayer online role-playing game or MMORPG created by This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system A massively multiplayer online role-playing game ( MMORPG) is a genre of Computer role-playing games (CRPGs in which a large number of players interact with Manhwa (manɦʷa is the general Korean term for Comics and print Cartoons (common usage also includes animated cartoons It was first released in South Korea on 31 August 2002 for Microsoft Windows and has since been released in many other locales around the world. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː Events 1056 - Byzantine Empress Theodora becomes ill dying suddenly a few days later without children to succeed the Throne See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Microsoft Windows is a series of Software Operating systems and Graphical user interfaces produced by Microsoft. Much of the game's mythos is based on Norse mythology, but its style has been influenced by Christianity and various Asian cultures as well. Norse mythology comprises the indigenous pre-Christian religion, beliefs and Legends of the Scandinavian peoples including those who settled on Iceland Christianity ( Greek Χριστιανισμός from the word Xριστός ( Christ)is a monotheistic Religion centered on the life and teachings The culture of Asia is the artificial aggregate of the Cultural heritage of many nationalities, societies, Religions and Ethnic groups The game has spawned an animated series, Ragnarok the Animation, and a sequel game, Ragnarok Online 2: The Gate of the World, is currently in development. Ragnarok the Animation is an Anime based on the MMORPG Ragnarok Online, produced in the first quarter of 2004 and was broadcast Ragnarok Online 2 The Gate of the World ( Korean:라그나로크 온라인 2 The Gate Of The World alternatively subtitled Epic of the Light

Ragnarok II

Main article: Ragnarok Online 2: The Gate of the World

Ragnarok Online 2: The Gate of the World (Korean:라그나로크 온라인 2: The Gate Of The World; alternatively subtitled Epic of the Light) is an MMORPG created by Gravity Corp. Ragnarok Online 2 The Gate of the World ( Korean:라그나로크 온라인 2 The Gate Of The World alternatively subtitled Epic of the Light This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system A massively multiplayer online role-playing game ( MMORPG) is a genre of Computer role-playing games (CRPGs in which a large number of players interact with of South Korea and is the sequel to the popular MMORPG, Ragnarok Online. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː A massively multiplayer online role-playing game ( MMORPG) is a genre of Computer role-playing games (CRPGs in which a large number of players interact with Ragnarok Online (라그나로크 온라인 often referred to as RO, is a Massively multiplayer online role-playing game or MMORPG created by Most of the game's universe is based on Norse mythology. Norse mythology comprises the indigenous pre-Christian religion, beliefs and Legends of the Scandinavian peoples including those who settled on Iceland The soundtrack will be produced by Yoko Kanno, well known for her work in Cowboy Bebop and other anime series. is a Composer, Arranger and Musician best known for her work on the Soundtracks for many games seminal Anime films TV series live-action is a Japanese animated television series. Directed by Shinichirō Watanabe and written by Keiko Nobumoto, Cowboy Bebop was produced by

ROSE

Main article: ROSE Online

ROSE Online, or Rush On Seven Episodes Online (Korean:로즈 온라인) is an MMORPG developed by Korean company Triggersoft and published by Gravity Corp. ROSE Online, or Rush On Seven Episodes Online ( Korean:로즈 온라인 is an MMORPG which was created by Korean company This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system A massively multiplayer online role-playing game ( MMORPG) is a genre of Computer role-playing games (CRPGs in which a large number of players interact with Gameplay is a free roaming typical level-up based MMORPG. You fight monsters, level up, obtain new skills and equipment to better yourself for upcoming battles. You can travel to different planets and explore new environments as well as battle other players and declare wars against other clans [guilds]. The game features its own in-game economy which is directly controlled by players.

PC

Gravity Corporation has also published and/or developed the following PC game titles:

Mobile

Gravity has also published and/or developed the following titles for mobile devices:

See also

Subsidiaries

Gravity owns a number of subsidiary companies, which publish and develop its games in countries and regions around the world. Emil Chronicle Online (エミル・クロニクル・オンライン often referred to as ECO, is a Massively multiplayer online role-playing game This is a list of fictional characters from DC Comics who are or have been enemies of Wonder Woman. Requiem Bloodymare is a Free-To-Play darkly themed Massively multiplayer online role-playing game created by GRAVITY. Ragnarok Online DS is a game based on the MMORPG Ragnarok Online, and is scheduled to be released in Japan on December 18 2008 Ragnarok Battle Offline, or RBO, is a Beat 'em up game for Microsoft Windows created by dōjin soft developer French-Bread

External links

References

  1. ^ 2006 Annual Report SEC 20-F Filing
  2. ^ MSN Money IPO Center - Gravity Co., Ltd. IPO
  3. ^ 19-10-2007 SEC 13-D/A Filing
  4. ^ 30-08-2005 SEC 13D Filing
  5. ^ 13-09-2005 SEC 6-K Filing
  6. ^ 5-11-2007 SEC 13-D Filing
  7. ^ 22-05-2006 SEC 6-K Filing
  8. ^ 21-11-2007 SEC 6-K Filing
  9. ^ 05-12-2007 SEC 6-K Filing
  10. ^ Japan's GungHo to acquire S.Korea Gravity majority
  11. ^ 18-05-2006 SEC 6-K Filing
  12. ^ 08-2005 SEC 6-K Filing
  13. ^ 10-2005 SEC 6-K Filing
  14. ^ 11-06-2007 SEC 6-K Filing
  15. ^ 07-01-2008 SEC 6-K Filing
  16. ^ About Gravity Interactive - Gravity KR Website
  17. ^ About Gravity CIS, Inc. - Gravity KR Website
  18. ^ About Gravity EU - Gravity KR Website
  19. ^ About Neo Cyon, Inc. - Gravity KR Website
  20. ^ 15-11-2005 SEC 6-K Filing
  21. ^ About Triggersoft - Gravity KR Website
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