Filed by Bowne Pure Compliance
Washington, D.C. 20549
Form 6-K
For the month of July, 2008
Commission File Number 000-51138
(Translation of registrant’s name into English)
Nuritkum Square Business Tower 15F, 1605 Sangam-Dong, Mapo-Gu, Seoul, Korea 121-270
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
þ Form 20-F o Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: o Yes þ No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a




Gravity Announces Resignation of Directors
SEOUL, SOUTH KOREA — July 11, 2008 — Gravity Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that Messrs. Il Young Ryu and Seung Taik Baik resigned as executive directors and Jungil Lee and Kwangsuk Lee resigned as independent directors and audit committee members of the Company on June 30, 2008.
As a result of these resignations, the Company now has a board of directors comprised of 3 inside (executive) directors and 3 independent (non-executive) directors.
The Company’s Board of Directors held a meeting at its offices in Seoul, Korea at 4pm on July 8, 2008, where the board of directors appointed new members of the Audit Committee, the Director Nomination Committee and the Compensation Committee as follows:
    Chairperson of Committee   Members
Audit Committee
  William Woojae Hahn   William Woojae Hahn
Phillip Young Ho Kim
Luke Kang
Director Nomination Committee
  Luke Kang   Luke Kang
William Woojae Hahn
Phillip Young Ho Kim
Compensation Committee
  Phillip Young Ho Kim   Phillip Young Ho Kim
Luke Kang
William Woojae Hahn
About GRAVITY Co., Ltd.
Based in Korea, Gravity is a developer and publisher of online games. Gravity’s principal product, Ragnarok OnlineTM, is a popular online game in many markets, including Japan, Taiwan and Thailand, and is currently commercially offered in 23 countries. For more information about Gravity, please visit
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 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 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, 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.
Mr. Jonathan J. Lee
Chief Financial Officer / Investor Relations Officer
Gravity Co., Ltd.
Telephone: +82-2-2132-7800
#            #            #




Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
  GRAVITY Co., Ltd.
Date: 07/11/2008  By:   /s/ Jonathan J. Lee    
    Name:   Jonathan J. Lee   
    Title:   Chief Financial Officer and
Investor Relations Officer