Gravity Announces Non-Deal Roadshow in the U.S

Business Wire, April 18, 2007

SEOUL, South Korea -- Gravity Co., Ltd. (NASDAQ:GRVY), an online game developer and publisher, today announced that it will launch a non-deal roadshow ("NDR") in the United States in cities including New York, Boston and Los Angeles from April 23, 2007 to April 27, 2007.

The Gravity's Chairman and Chief Executive Officer Il-Young Ryu, Chief Financial Officer and Investor Relations Officer Jonathan J. Lee and Independent Director William Woojae Hahn will provide an overview of Gravity's business in 2006 and the company's 2007 operating plan during the NDR presentations.

Mr. Il Young Ryu, Chairman and Chief Executive Officer of Gravity, commented, "The NDR is an example of Gravity's recent efforts to improve communications with investors and better understand investors' expectations. We will continue this effort by pursuing more aggressive IR activities this year, including additional roadshows, presentations and conference calls with investors and research analysts."

The NDR is being hosted by Daiwa Securities America Inc.

About Gravity Co., Ltd.

Based in South Korea, Gravity is a developer and publisher of online games. Gravity's principal product, 'Ragnarok Online'(TM), is a popular online game in many markets, including Japan, Taiwan and Thailand, and is currently commercially offered in 47 markets. For more information about Gravity, please visit http://www.gravity.co.kr.

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