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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
December 27, 2005
GRAVITY Co., Ltd.
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(Translation of registrant's name into English)
14F Meritz Tower, 825-2 Yeoksam-Dong, Gangnam-Gu, Seoul, 135-934, Korea
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(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: [X] 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): [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934: [ ] Yes [X] No
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): n/a
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[LOGO OF GRAVITY]
Contacts: Gravity Co. Ltd
John C. Chung
82-2-2019-6014
chchung@gravity.co.kr
- or -
Brian Rafferty
Taylor Rafferty, New York
1-212-889-4350
- or -
John Dudzinsky
Taylor Rafferty, London
44-20-7614-2900
gravity@taylor-rafferty.com
GRAVITY TAKES STEPS TO DRIVE GLOBAL MARKETING EXPANSION
SEOUL, South Korea, December 27, 2005, GRAVITY Co., Ltd. (Nasdaq: GRVY), a
developer and distributor of online games in Korea, announced that it has
entered into a Software Licensing Agreement for the rights to publish "Emile
Chronicle Online" outside of Japan and a Software Purchase Agreement of "Emile
Chronicle Online" with GungHo Online Entertainment, Inc. ("GungHo"), a leading
Japanese online game company.
Emile Chronicle Online, a Massively Multiplayer Online Role Playing Game
("MMORPG"), whose character design is Japanese manga (or Japanese comic book)
and animation style presents a number of characteristics not commonly found in
other online games, including the function which develops game characters
without direct manipulation even when users log out of the game session. Since
the beginning of a closed beta test on August 1, 2005, in Japan, one of the
world's most developed online gaming markets, the number of total registered IDs
of "Emile Chronicle Online" has currently reached approximately 310,000 and the
game has been commercialized recently.
Mr. Il Young Ryu, the chief executive officer of Gravity, commented, "by
entering into the agreements with GungHo, we hope to implement our strategic
initiative of strengthening our overseas publishing business, as we had
announced in August 2005. We believe that Emile Chronicle Online represents an
ideal vehicle for such expansion, since we expect that the game will present a
wide appeal to game users who are familiar with Japanese manga and animation. As
well as expanding the overseas publishing business, we are actively pursuing the
strengthening of the development of our own game, the core of our business."
ABOUT GRAVITY CO., LTD.
Based in Korea, Gravity is a developer and distributor of online games.
Gravity's principal product, Ragnarok Online, is a popular online game in many
markets, including Japan, Taiwan and Thailand, and is currently commercially
offered in 20 markets. For more information about Gravity, please visit
http://www.gravity.co.kr.
FORWARD-LOOKING STATEMENTS:
Certain statements in this press release may include, in addition to historical
information, "forward-looking statements" within the meaning of the
"safe-harbor" provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements can generally be identified by the use of
forward-looking terminology, such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe" "project," or "continue" or the negative
thereof or other similar words, although not all forward-looking statements will
contain these words. These forward-looking statements are based on our current
assumptions, expectations and projections about future events. All
forward-looking statements involve risks and uncertainties that may cause our
actual performance, financial condition or results of operations to be
materially different from those suggested by the forward-looking statements,
including, but not limited to, our ability to diversify revenue; our ability to
collect, and in a timely manner, license fees and royalty payments from overseas
licensees; our ability to acquire, develop, license, launch, market or operate
commercially successful online games; our ability to compete effectively in a
highly competitive industry; our ability to anticipate and access technological
developments in our industry; our ability to recruit and retain quality
employees as we grow; our ability to implement our growth strategies; and
economic and political conditions globally. Investors should consider the
information contained in our submissions and filings with the United States
Securities and Exchange Commission (the "SEC"), including our registration
statement on Form F-1, as amended, and our annual report on Form 20-F, together
with such other documents and we may submit to or file with the SEC from time to
time, including on Form 6-K. The forward-looking statements speak only as of
this press release and we assume no duty to update them to reflect new, changing
or unanticipated events or circumstances.
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.
Date: 12/27/2005
By: /s/ Il Young Ryu
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Name: Il Young Ryu
Title: Chief Executive Officer