GRAVITY Co., Ltd. announced that Ragnarok V: Returns, a Multi-Platform MMORPG game, has been officially launched in Oceania on May 25, 2022. Ragnarok V: Returns, the sequel to Ragnarok Online: Valkyrie Uprising which reached over 5 million users in global, was developed by Gravity NeoCyon, the subsidiary in Korea, and Gravity has published the game. It provides more impressive graphics maximizing Ragnarok's attraction and users can play the game according to their own style freely.

The mobile version can be downloaded on Google Play and Apple App Store, and PC version has been released on the official website. In addition, Gravity has held various events to celebrate its official launching.