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Gravity Says Richard Kim Quits

The South Korean games company respects the strategy chief's decision 'at this time.'
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(GRVY) - Get Gravity Co. Ltd. Report

said Richard Hyonkook Kim resigned from the board and as Gravity's chief strategy officer.

The Seoul-based online game developer said nine directors remain on the board of directors, including six independent directors.

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"We appreciate Richard's contribution to the company and respect his decision at this time," CEO David Woong-Jin Yoon said.

Gravity shares rose 3 cents to $6.78.