Group - Gravity company

 


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GRAVITY Co., Ltd. (also known as Gravity Corporation) NASDAQ: GRVY (Korean: ) is a South Korean videogame corporation primarily known for the development of the MMORPG Ragnarok Online. The corporation started as a small business in Shinsa-dong, Kangnam-ku, Seoul, South Korea and has expanded to an international corporate interest with several subsidiary divisions. On 8 February 2005, Gravity Corporation made their IPO 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 Jung Ryool Kim (who later assumed control as CEO), but has since stabilised 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. 



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