MMORPG News - Ragnarok Online 2 in Development

Yahoo Business reveals that development of a sequel to Ragnarok Online may already be underway.

SEOUL, South Korea--(BUSINESS WIRE)--Gravity, Co., Ltd. (Nasdaq:GRVY - News; the "Company"), an online game developer and publisher, announced that it has entered into license and distribution agreements for Ragnarok Online 2(TM) (or RO2) in China, Taiwan, Macau and Hong Kong.

The agreement for China has recently been entered into with a subsidiary of The9 Limited in China, which is effective for four years from the commercial service date. The agreement for the licensing of RO2 for Taiwan, Macau and Hong Kong was entered into on November 13, 2006 and the licensee with Gamania Digital Entertainment Co, Ltd., and the term of the agreement is for three years from the commercial service date of the game.