NHN announces Project E:st

Seoul, Korea– Friday, March 5th, 2010 -- NHN Corporation announced today that it has signed a publishing deal on a major new title in development at Polygon Games, known currently under the codename Project E:st. A fantasy MMORPG with an Asian theme, Project E:st will use Crytek's award-winning CryENGINE®2, and Crytek will be showcasing a trailer of the game at GDC 2010 in San Francisco next week. "The project name, E:st, was selected to show the commitment between NHN Corporation and Polygon Games to develop the best Asia fantasy game," says Wook Jeong, Hangame CEO at NHN Corporation. "We believe that the high graphical quality realized with CryENGINE®2, coupled with an immersive storyline, will strongly appeal to gamers." NHN is planning to publish Project E:st both in Korea and in overseas territories, including North America and Europe.

Project E:st is scheduled to enter closed beta testing in Korea later this year.

About Polygon Games

Polygon Games is comprised of the‘Polygon Visual Works’ art team, who are well known in Korea for high quality graphic realization, together with with the primary developers of the MMORPG "Rohan".

About NHN Corporation

NHN Corporation (KOSDAQ KOSPI: 035420) was established in 1999 and is currently the leading multi-national internet company in Korea, operating internet search portal and gaming services in Korea, Japan and China. Its products include Naver, Korea’s largest search portal with more than 17 million unique daily visitors, and leading Korean portal Hangame, which has 30 million registered users and brought KRW 366.7 billion (206 million€) in revenue in 2008, a 51% increase versus 2007. For more information, please visit http://www.nhncorp.com

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