Gravity

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Revision as of 22:54, 4 February 2024 by Halca (talk | contribs)

Gravity is the name of the South Korean company responsible for creating the Ragnarok Online MMORPG from the original Manhwa of the same name.

History

In January 2002, Korean news outlet ETNews noted that Gravity had received offers for investment of 20-30 times their share price but were not budging. This was due to the company among others being seen as good investment vehicles due to them having relatively low operating costs after development of the online games had concluded.[1] They also noted Gravity "were not budging".[1]

On 16 April 2002, Gravity installed Byeong-gon Jeong to become CEO, replacing Hakkyu Kim. The cited reasons for this manoeuvre were that the company required a manager with professional management skills and who was able to develop strategic relationships and Kim was put in a role as "Development Director". Gravity also stated at this time "There will be no change in the relationship with Samsung Electronics and Sunny YNK, with whom we have signed a marketing partnership, and we will establish a closer cooperation system in the marketing area."[2]

References

  1. 1.0 1.1 Www.etnews.com (2002) Online game developers flooded with investment proposals, ETNEWS. Available at: https://english.etnews.com/20020115200009 (Accessed: 04 February 2024).
  2. Kim, S. (2002) 그라비티, 전문 경영인 정병곤 대표이사 취임, GameMeca. Available at: https://www.gamemeca.com/view.php?gid=484.