Addresses of about 250 furniture companies are also included .

iran i

researchandmarkets. Ragnarok Online Becomes First Massively Multiplayer Online Role-Playing Game
(MMORPG) Ever Serviced in All Six Continents

SEOUL, South Korea, GRAVITY Co.

europe culture

DUBLIN, Ireland, Research and Markets
(http://www. With Ragnarok Online now in 37
countries globally, the title is clearly established as one of the world's
most dominant games.

india culture

researchandmarkets . Summary

3.
Under the agreement, Gravity granted Sento Enterprises Limited exclusive
licensing rights to distribute Ragnarok Online in the Arab Emirates, Saudi
Arabia, Kuwait, Qatar , Bahrain, Oman, Yemen, Iraq, Syria, Egypt, Iran, Israel,
Lebanon, and Jordan. 314) Tel: +646 -536-7006
dpasquale@theruthgroup.

iraq israel

The wood and forestry sector is also considered: production ,
imports, exports and consumption data are provided for the main
semi-finished wood products (sawnwood; wood-based panels: plywood,
veneer sheets, particle board panels, fibreboard panels, MDF ).

For more information visit
http://www.

i middle

researchandmarkets.

Research and Markets: The Furniture Industry in South East Asia Korea Taiwan

"
"We are excited about the Middle East market opportunity given the rapid
increase of young game users and because the high-speed bandwidth already that
gamers require, especially in the Arab Emirates, Saudi Arabia, Israel and
Bahrain. We believe this is the
first online game ever serviced in the Middle East and Africa, becoming the
only online game serviced in all six continents, and we fully intend to make
it a winner. Actual results may differ materially from those discussed
in, or implied by, forward-looking statements.com

society regional

, Ltd.gravity.

iraq ireland

com/cgi-bin/prnh/20040820/RESEARCH )

This report covers Solvents split into the following types:
- Alcohols
- Ethers
- Ketones
- Esters
- Hydrocarbons
- Other Organics

Report provides the following information:
- Detailed data on over 150 national markets for Solvents
- Market values and growth rates for all countries, from 2001 to 2005
- Data provided in value terms (US$)
- Market sizes for each nation split into six product breakdowns
- Import and export values for major importing and exporting countries,
with % shares
- Production data (by value) for major manufacturing nations. Trade Analysis
-Top Importers
-Top Exporters
-Import Values/Percentages
-Export Values/Percentages

7. We have proven time and again that we are able to match
our excellent online gaming content, global marketing expertise and technical
resources with top distribution companies on a region-by-region basis to
create a compelling and synergistic force. The Ruth Group
Tel: 82-2-516-5438(Ext.

country ireland

Research and Markets: Overview of the Solvent Market Over a Global Spectrum

1. Introduction

2.com/reports /c12647

The Company's principal product, Ragnarok Online, is
currently commercially offered in 20 markets. The forward-looking statements
speak only as of the date of this release and Gravity assumes no duty to
update them to reflect new, changing or unanticipated events or circumstances .

europe regional

This report offers a comprehensive picture of the furniture sector
in South East Asia, Korea and Taiwan, providing trends in furniture
production, furniture consumption, furniture imports and exports in
Indonesia, Malaysia, Philippines, Thailand, Singapore, South Korea,
Taiwan.
For each country the furniture supply structure is analysed, with
data on furniture companies and employment .
David Woong-Jin Yoon, Chief Executive Officer of Gravity, stated, "This is
another impressive milestone for Gravity. We are confident that our flagship title, Ragnarok Online, will
build a strong following as it has already worldwide.

Forward-Looking Statements:
Certain statements in this press release include forward-looking
statements within the meaning of the U.

iran country

newscom. Short profiles of the main
furniture manufacturers, with turnover, production facilities,
employees and product mix, are provided.co.

middle asia

The World Market

4.com/reports/c16180

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets. Ragnarok Online is now
serviced in total of 37 countries globally.:
Kwan Shik Seo, CFO David Pasquale, EVP
Gravity Co.

europe ireland

Production

6.

Business Editors/Home + Garden Writers

DUBLIN, Ireland----Research and
Markets (http://www."

About GRAVITY Co.S.

ireland i

com
Fax: +353 1 4100 980

Factors determining the demand for furniture are examined , as
well as furniture distribution channels and furniture prices.
(Nasdaq: GRVY), a leading developer and distributor of online games, today
announced the launch of its hugely popular Massively Multiplayer Online Role-
Playing Game (MMORPG) Ragnarok Online into 14 new countries, making Ragnarok
Online , which is believed to be the first Massively Multiplayer Online Role-
Playing Game ever serviced in all six continents.
Based in Korea, Gravity is a leading developer and distributor of online
games worldwide.kr . Private Securities Litigation Reform
Act of Forward-looking statements generally can 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.

regional politics

Regional Markets
-Western Europe Eastern Europe
-Former USSR Africa (5 regions)
-Middle East South Asia
-Far East North America
-South America
-Central America + Caribbean
-Oceania

5.com/reports/c12647) has
announced the addition of The Furniture Industry in South East Asia,
Korea, Taiwan to their offering.

Products covered include: office furniture, home furniture
(household furniture), kitchen furniture, upholstered furniture (sofas
and armchairs), non-upholstered seats, bedroom furniture, rubberwood
furniture , hardwood furniture, panel based furniture, wood furniture,
metal furniture, seats parts, parts of furniture, sawnwood, wood-based
panels, plywood, veneer sheets, particle board panels, fibreboard
panels, MDF (medium density fibreboard), woodworking machinery.researchandmarkets.

Gravity's Ragnarok Online Now in 37 Countries Worldwide

Sento is one of the largest distribution companies in
the Middle East, with well-established channels covering the Middle East and
North Africa. For
more information visit http://www. Ltd.

i society

Furniture imports and exports are broken down by country and
product (office furniture, kitchen furniture, upholstered furniture,
non-upholstered seats, bedroom furniture , seats parts and parts of
furniture)., Ltd.S.

i italy

com/reports/c16180 ) has announced the addition
of The World Market for Solvents to their offering. Gravity also offers a number of
mobile games, which are played using mobile phones and other mobile devices,
participates in the production of a televised animation series, and licenses
merchandizing of character-related products based on its online games . All forward-looking statements involve risks
and uncertainties, including, but not limited to, the ability to diversify
revenue, ability to collect license fees and royalty payments from overseas
licensees and in a timely manner; ability to acquire, develop, license,
launch, market or operate commercially successful online games; competition
from companies that have greater financial resources; introduction of new
products into the marketplace by competitors; the ability to recruit and
retain quality employees as Gravity grows; and economic and political
conditions globally.

CONTACTS:
In Korea: In the U.

iraq italy

(Logo: http://www. Appendix

For more information visit
http://www. Data on
woodworking machinery imports and exports are available for some of
the considered countries.