GRAVITY INTERACTIVE\'S RAGNAROK ONLINE Wins Reader\'s Choice Award

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GRAVITY INTERACTIVE¹S RAGNAROK ONLINE RECEIVES THE MMOSITE.COM READER¹S CHOICE AWARDS AS ONE OF THE BEST ONLINE P2P GAMES FOR 2010

Players to Receive In-Game Bonus to Celebrate Starting February 10, 2011

MARINA DEL REY, Calif. (February 11, 2011) � One of the top MMO resources worldwide, MMOSite.com, has named Gravity Interactive¹s mmorpg RAGNAROK ONLINE as one of the top three (3) online P2P (Pay to Play) games for 2010, included with World of Warcraft and Aion online. More information can be found at www.warpportal.com <http://www.warpportal.com>

MMOSite describes RAGNAROK ONLINE as a ³world of incredible beauty and sound with over 50 unique classes, personalized skills and character stats as well as a robust guild system with battlegrounds and activities. RAGNAROK provides users with uniquely detailed quests and story lines as well as a guild vs. guild and free to all PVP systems.²

³We are honored to have receive this award by the readers of MMOSite.com,²states Yoshinori Kitamura, Gravity Interactive, Inc. CEO, ³We, here at Gravity Interactive, strive to bring the best in online gaming to all our

players and fans and we invite those that have yet to try RAGNAROK ONLINE, or any of our other amazing titles, to check it out at www.WarpPortal.com <http://www.WarpPortal.com> and join in on the action.²

To celebrate this accolade, RAGNAROK ONLINE will be ³doubling² all player item drop rates starting February 10, 2011 through February 17, 2011.

About RAGNAROK ONLINE

Gravity Interactive¹s flagship fantasy online title, RAGNAROK ONLINE is a free action/fantasy 3d Side Scrolling MMORPG, where players explore a world in which the myth of ages has come to life! With hundreds of quests and mini games, 400+ unique and dangerous monsters, over 50 classes to choose from and hundreds of maps and dungeons to explore, players will test their mettle as they battle on the world of Rune-Midgard to rid the Demonic plague that has descended after 1000 years of peace and prosperity. Only true heroes can stop the Ragnarok©! More information can be found at www.warpportal.com <http://www.warpportal.com>

About WarpPortal

Developed by world renowned Massively Multiplayer Online Game (MMORPG) publishing giant, Gravity Interactive, Inc., WarpPortal is the newest online platform for North American gamers. Users able to utilize a single login-account for multiple game access and manage their online accounts for some of the hottest online titles including Ragnarok Online, Rose Online, Requiem: Memento Mori, Dragon Saga, casual games and more. Additional highlights of the site include community forums, online support and the Gateway system-an application that provides users¹ access to gaming news, community communication and music all from one online application. More information can be found at www.warpportal.com <http://www.warpportal.com>

About Gravity Interactive, Inc.

Headquartered in Marina Del Rey (California U.S.A.), Gravity Interactive, Inc. was established in March 2003 and is the U.S. subsidiary of Gravity Co. Ltd. (South Korea, Nasdaq GM: GRVY). It is a world renowned leader in

online game publishing and operates Massively Multiplayer Online Role-Playing Games (MMORPGs) for the North American casual and hardcore gaming markets. The company¹s flagship title, Ragnarok Online, has over

three (3) million North American subscribers (about 50 million subscribers worldwide) and has been joined by other Gravity Interactive titles Dragon Saga, Requiem: Memento Mori, and ROSE Online. More information can be found at www.warpportal.com <http://www.warpportal.com>

The statements made in this press release that are not historical facts are "forward-looking statements." These forward-looking statements are based on current expectations and assumptions that are subject to risks and

uncertainties. The Company cautions readers of this press release that a number of important factors could cause this event¹s actual future results to differ materially from those expressed in any such forward-looking

statements. Such factors include, without limitation, product delays, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, maintenance of relationships with key

personnel, vendors and third-party developers, international economic and political conditions. The Company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such

factors, in the Company's assumptions or otherwise. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to

reflect the occurrence of unanticipated events.