Gravity Co., Ltd. (Gravity) is engaged in developing and distributing online games and other related businesses principally in the Republic of Korea and other countries in Asia, North and South America, and Europe based on the number of peak concurrent users (PCU). The Company’s principal product, Ragnarok Online, is commercially offered in Korea and 37 other countries and markets. Requiem is offered in Korea, the United States, Canada and 15 other countries. Emil Chronicle Online is offered in Korea, Thailand, Hong Kong and Taiwan. R.O.S.E. Online is offered in the United States, Canada and Mexico. Pucca Racing is offered in Korea and Thailand. Its subsidiaries include NeoCyon, Inc., Gravity Interactive, Inc., GungHo Online Entertainment, Inc. and Heartis, Inc.