Gravity named Yoshinori Kitamura co-CEO and reported consolidated 2025 revenue of KRW 560,548 million

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Gravity Co., an online and mobile game developer and publisher based in South Korea, held its annual general meeting on Mar 27, 2026, and filed a Form 6-K, the report a foreign company files with the US Securities and Exchange Commission to disclose news, the same day. Shareholders approved the consolidated and separate financial statements for the years ended Dec 31, 2025 and 2024, reappointed ten directors and added one more, Ms. Yeong Ah Park, an independent director. They also approved a maximum of KRW 4,000,000,000 in pay for directors as a group for fiscal year 2026.1^,2^,3^,4^,5^,6^,7^,8

At a board meeting held immediately after the shareholders' meeting, Yoshinori Kitamura was reappointed chairman and, effective Mar 27, 2026, newly appointed co-chief executive officer alongside Hyun Chul Park, who had been the company's sole chief executive. Kitamura stopped serving as chief operating officer and chief compliance officer, and the board reappointed Chung Lew, Yong Seon Kwon and Kee Woong Park to the audit committee.9^,10^,11^,12

The same filing furnished the group's consolidated results for the fiscal year ended Dec 31, 2025, prepared under International Financial Reporting Standards as adopted by Korea. Consolidated revenue for 2025 was KRW 560,548 million, up 11.9% from KRW 500,845 million for 2024; the release also gave it as US$ 388,043 thousand at KRW 1,444.55 to the dollar, a rate it used for convenience. Mobile games brought in KRW 455,235 million of it, up 12.2% from KRW 405,676 million, which the company put down mainly to first revenue from Ragnarok M: Classic, launched in 2025 in Southeast Asia, Taiwan, Hong Kong and Macau, and from Ragnarok X: Next Generation, launched that year in the Americas, Oceania, England, Portugal, Spain and Ireland. Online games brought in KRW 90,339 million, up 17.3%, which it tied mostly to first revenue from Ragnarok Online America Latina, launched in Latin America, and Ragnarok Zero, launched in Taiwan, Hong Kong and Macau. Cost of revenues rose 18.7% to KRW 364,268 million, which the company put mainly down to higher commission paid for game services for Ragnarok M: Classic. Consolidated operating income was KRW 79,030 million in 2025, down from KRW 86,189 million in 2024. Consolidated net profit for 2025, which includes non-controlling interests (the stakes in subsidiaries that other holders own), was KRW 67,309 million, against KRW 84,902 million for 2024; of that, KRW 67,463.7 million belonged to the owners of the parent company and a loss of KRW 154.4 million to the non-controlling interests. The separate results, which cover the parent company alone, showed revenue for 2025 of KRW 186,121 million, up 3.8% from KRW 179,303 million for 2024.13^,14^,15^,16^,17^,18^,19^,20^,21^,22^,23^,24

The business report in the filing listed GungHo Online Entertainment as holding 4,121,737 of the company's 6,948,900 shares as of Dec 31, 2025, and counted 437 employees at that date, 246 of them developers. The filing said the company expected to file its Korean-language financial statements with Korea's Financial Supervisory Service by Apr 10, 2026; Gravity filed another 6-K that day and a Form 20-F, the annual report a foreign company files with the SEC, on Apr 24, 2026.25^,26^,27^,28^,29^,30^,31