Gravity to Acquire Controlling Interest in Trigger Soft 
 
Seoul, Korea – May 3, 2005 – Gravity Co., Ltd. (Nasdaq: GRVY), a leading  
developer and distributor of online games, that it had signed an agreement to  
acquire a 75% equity interest in Trigger Soft, a game developer in Korea, which 
developed R.O.S.E. Online, an online game distributed by GRAVITY. The purchase  
price was KRW 1.36 billion (approximately US$1.35 million).  
 
David Yoon, Gravity’s CEO, said, “Trigger Soft developed R.O.S.E Online, the  
second massively multiplayer online role-playing game (MMORPG) that was  
introduced by GRAVITY, following its flagship title Ragnarok Online. R.O.S.E.  
Online is licensed to and published exclusively by GRAVITY. We believe that our 
controlling interest in Trigger Soft and ability to directly supervise its  
management will enable us to promptly provide updates and meet the users’  
demand for R.O.S.E. Online.”   
 
Kwan Shik Seo, Gravity’s CFO, added, “As the popularity of R.O.S.E. Online  
will have a significant impact on the future success of Requiem and Ragnarok 2, 
the MMORPGs currently in our pipeline, we felt it was critical to acquire a  
controlling interest in Trigger Soft in order to constantly maintain and manage 
the brand value of Gravity by reinforcing R.O.S.E Online’s services and  
updates.  We believe we can maximize our investment in R.O.S.E. Online by  
leveraging Gravity’s leading brand name, ability to successfully commercialize  
games, along with our intimate relationships with our partners in our overseas  
markets.”  
 
About R.O.S.E Online 
R.O.S.E Online, which was commercially launched in Korea in January 2005, has  
been exported to Japan, Taiwan and the Philippines. In Korea, we believe, due  
to its console-quality graphics and storylines, the game attracted significant  
user attention during the open beta service period and the early stage of  
commercialization. The storyline of R.O.S.E Online is based on adventures  
through seven planets. We believe that our acquisition of the controlling  
interest in Trigger Soft will result in substantial improvement in the  
promptness of future updates and the quality of services.  
 
About Gravity Co. Ltd. 
Based in Korea, Gravity is a leading developer and distributor of online games  
in Japan, Taiwan, Thailand and Korea. The Company’s principal product,  
Ragnarok Online, is currently commercially offered in 20 markets.  Gravity also 
offers a number of mobile games, which are played using mobile phones and other 
mobile devices, participates in the production of a televised animation series, 
and licenses the merchandizing of character-related products based on its  
online games. For more information visit www.gravity.co.kr.  
 
About Trigger Soft 
Trigger Soft Corporation was established in 1995.  It had been developing PC  
based strategic simulation games such as JangBoGo War, ChoongMuGong War, TweMa  
Legend and LarcMu, among others, until it developed R.O.S.E Online, a MMORPG,  
in 2003, which was licensed it to Gravity.  Trigger Soft has a long history and 
valuable know-how in the game industry, as well as a small but solid  
development team.   
 
Forward-Looking Statements:  
Certain statements in this press release include forward-looking statements  
within the meaning of the U.S. Private Securities Litigation Reform Act of  
1995. Forward-looking statements generally can 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.  All forward-looking statements involve risks and uncertainties,  
including, but not limited to, the ability to diversify revenue, ability to  
collect license fees and royalty payments from overseas licensees and in a  
timely manner; ability to acquire, develop, license, launch, market or operate  
commercially successful online games; competition from companies that have  
greater financial resources; introduction of new products into the marketplace  
by competitors; the ability to recruit and retain quality employees as the  
Company grows; and economic and political conditions globally. Actual results  
may differ materially from those discussed in, or implied by, the forward- 
looking statements. The forward-looking statements speak only as of the date of 
this release and the Company assumes no duty to update them to reflect new,  
changing or unanticipated events or circumstances.  
 
 
CONTACTS:	 
In Korea: 
Kwan Shik Seo, CFO, Gravity Co. Ltd. 
Tel: 82-2-516-5438(ext.314) 
ksseo3311@gravity.co.kr 
 
In the U.S.: 
David Pasquale, EVP at The Ruth Group 
Tel: +646-536-7006 
dpasquale@theruthgroup.com