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Gravity Calls Meeting

Hedge funds want to shake up the board.
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Gravity (GRVY) called an extraordinary shareholder meeting Dec. 26 at the request of two hedge funds.

The Seoul-based online game publisher said the funds, Ramius Capital and Moon Capital, called for CEO Il Young Ryu and operating chief Seung Taik Baik to be thrown off the board.

Gravity says current management is executing on its clear strategy to create value for its shareholders.

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