| Gravity Corporation |
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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 semi-independent subsidiary division located in Los Angeles, California known as Gravity Interactive, Inc. which handles the international version of the game (referred to as "International Ragnarok Online" or "iRO"). On 12 February 2005 , Gravity Corporation made their Initial Public Offering and traded $108 million US dollars on NASDAQ under the Ticker Symbol GRVY. 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 Kim Jungryool (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. On August 30 , 2005, Jung Ryool Kim, the controlling shareholder, sold his 52% stake and set plans to quit as a director. 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. Young Ryu is also the founder of Area Network Limited and the CEO of Internet Japan GAME TITLES Published Gravity Corporation has published the following game titles:
In development While they have announced current and on-going development of the following titles:
SEE ALSO EXTERNAL LINKS
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