SEOUL, Aug. 1, 2008 (PRIME NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM:GRVY - News) (the ``Company'') announced today that it is scheduled to present at the San Francisco Money Show on Friday, August 8, 2008 at the San Francisco Marriott Hotel. The Company's presentation materials can be viewed at http://www.gravity.co.kr/eng/ir/ir_doc.asp. The Company will also be maintaining a booth in the exhibit hall to discuss the Company's business with prospective investors.

About GRAVITY Co., Ltd.

Based in Korea, GRAVITY is a developer and distributor 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 23 markets. For more information, 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. 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 reports 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.

This release can also be viewed at http://www.pressreleasenetwork.com/newsroom.

          GRAVITY Co., Ltd.
          Jonathan J. Lee, Chief Financial Officer, 
            Investor Relations Officer
          +822-2132-7800
          jlee@gravity.co.kr