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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-09-014540.txt : 20090617
<SEC-HEADER>0000950123-09-014540.hdr.sgml : 20090617
<ACCEPTANCE-DATETIME>20090617090055
ACCESSION NUMBER:		0000950123-09-014540
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090601
FILED AS OF DATE:		20090617
DATE AS OF CHANGE:		20090617

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRAVITY Co., Ltd.
		CENTRAL INDEX KEY:			0001313310
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			M5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51138
		FILM NUMBER:		09895477

	BUSINESS ADDRESS:	
		STREET 1:		NURITKUM SQUARE BUSINESS TOWER 15F
		STREET 2:		1605 SANGAM-DONG, MAPO-GU
		CITY:			SEOUL
		STATE:			M5
		ZIP:			121-270
		BUSINESS PHONE:		82-2-2132-7000

	MAIL ADDRESS:	
		STREET 1:		NURITKUM SQUARE BUSINESS TOWER 15F
		STREET 2:		1605 SANGAM-DONG, MAPO-GU
		CITY:			SEOUL
		STATE:			M5
		ZIP:			121-270
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>c86949e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 10pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 10pt"><B>Form&nbsp;6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 10pt"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR<BR>
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>For the month of June, 2009<BR>
Commission File Number 000-51138</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 10pt"><B><FONT style="border-bottom: 1px solid #000000">GRAVITY Co., Ltd.</FONT></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Translation of registrant&#146;s name into English)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><FONT style="border-bottom: 1px solid #000000">Nuritkum Square Business Tower 15F, 1605 Sangam-Dong, Mapo-Gu, Seoul, Korea 121-270</FONT><BR>
(Address of principal executive office)
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F:<br>
<FONT face="Wingdings">&#254;</FONT> Form 20-F&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Form&nbsp;40-F
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(1): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">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&nbsp;12g3-2(b) under the
Securities Exchange Act of 1934: <FONT face="Wingdings">&#111;</FONT> Yes&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT> No
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with
Rule&nbsp;12g3-2(b): <U>&nbsp;&nbsp;&nbsp;n/a&nbsp;&nbsp;&nbsp;</U>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><U><B>Gravity Regains Compliance With Nasdaq Listing Requirements</B></U>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Seoul, South Korea, &#151; June&nbsp;17, 2009 &#151; Gravity Co., Ltd (NasdaqGM: GRVY) (&#147;Gravity&#148; or &#147;Company&#148;)
announced today that the Company received a Nasdaq Staff Letter, dated June&nbsp;12, 2009, noting that
the Company has regained compliance with Nasdaq Listing Rule&nbsp;5605(c)(2)(A) (the &#147;Rule&#148;) which
requires the Company to have an audit committee of at least three independent directors.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">As previously announced on May&nbsp;21, 2009, the Company had received a Nasdaq Staff Deficiency Letter,
dated May&nbsp;15, 2009, indicating that the Company was not in compliance with the audit committee
composition requirement for continued listing under the Rule. On June&nbsp;12, 2009, Mr.&nbsp;Kazuki
Morishita resigned from the Company&#146;s audit committee and Mr.&nbsp;Jong Gyu Hwang was appointed to the
Company&#146;s Board of Directors and audit committee. As a result of the appointment of Mr.&nbsp;Hwang, the
Company has an audit committee comprised of three independent directors and received the Nasdaq
Staff Letter noting that the Company complies with the Rule and that the matter is now closed.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>About GRAVITY Co., Ltd.</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Based in Korea, Gravity is a developer and publisher of online games. Gravity&#146;s principal product,
Ragnarok Online<SUP style="font-size: 85%; vertical-align: text-top">TM</SUP>, is a popular online game in many markets, including Japan, Taiwan and
Thailand, and is currently commercially offered in 39 countries and markets. For more information
about Gravity, please visit http://www.gravity.co.kr.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Forward-Looking Statements:</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Certain statements in this press release may include, in addition to historical information,
&#147;forward-looking statements&#148; within the meaning of the &#147;safe-harbor&#148; 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 &#147;may,&#148; &#147;will,&#148; &#147;expect,&#148; &#147;intend,&#148; &#147;estimate,&#148;
&#147;anticipate,&#148; &#147;believe&#148; &#147;project,&#148; or &#147;continue&#148; 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 &#147;SEC&#148;), 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.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>Contacts:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Mr.&nbsp;Heung Gon Kim<BR>
Chief Financial Officer<BR>
Gravity Co., Ltd.<BR>
Email: <U>kheung@gravity.co.kr</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Ms.&nbsp;Yoon Joo Lee<BR>
IR Manager<BR>
Gravity Co., Ltd.<BR>
Email: <U>yoonjoo.lee@gravity.co.kr</U><BR>
Telephone: &#043;82-2-2132-7801

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"># &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; # &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; #
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>SIGNATURES</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">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.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">GRAVITY Co., Ltd.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: 06/17/2009&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Heung Gon Kim
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Heung Gon Kim&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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