Gravity Co., Ltd.(Nasdaq: GRVY) is a South Korean video game company that was founded in 2000 known for developing and publishing the popular MMORPG Ragnarok Online in 2002.

Rationale for Investing (summary)

After a decade in oblivion, Gravity has been successfully shifting to mobile gaming since 2016, which has given them a second wind. In September 2022 they released Origin in Hong Kong and Taiwan (large mobile markets in revenue), hitting top #1 ranking in revenue.. The market did not react and we bought at $46.2 on October 13, 2022.

All our research articles on Gravity here.