Gravity, developer of RO (Ragnarok Online), announced their management changed, Mr. Tae Sung Hwang succeed Mr. James Ohsung Kwon as Chief Financial Officer (CFO) and Investor Relations Officer (IRO).

Gravity Announces Changes in Management

SEOUL, South Korea, Aug. 11 /PRNewswire-FirstCall/ -- Gravity, Co., Ltd. (NASDAQ:GRVY) , an online game developer and publisher, announced today that effective as of August 1, Mr. Tae Sung Hwang has been elected as Chief Financial Officer (CFO) and Investor Relations Officer (IRO) to replace Mr. James Ohsung Kwon who resigned from his posts as CFO and IRO so that he may focus on new business development and investment.

In addition, Mr. Seungtaik Baik, currently a member of our board of directors and our Chief Marketing Officer (CMO) has been promoted to Senior Executive Vice President and will hold the office of Chief Operating Officer (COO) previously held by Mr. Kyu Hyeong Lee, in addition to his position as CMO. Mr. Kyu Hyeong Lee, will serve the Company as its Chief Compliance Officer (CCO) which he has held since February of 2006 and Executive Vice President of Human Resources.

Mr. Hwang brings to Gravity years of multi-jurisdictional accounting and financial experience, having worked at some of the most prestigious accounting firms for more than 10 years. Mr. Hwang?s experiences include Samjong KPMG, the Korea member firm of KPMG International, on consulting and due-diligence assignments and Arthur Andersen LLP in Atlanta, Georgia, on audit assignments. Mr. Hwang also brings experience working with NASDAQ-listed companies from his time at KPMG Azsa & Co. where he was in charge of auditing the firm?s NASDAQ- listed clients.
Mr. Hwang holds a bachelor?s degree in economics from Keio University, Tokyo, Japan. Mr. Hwang qualified as a certified public accountant in Japan in 1999.