Karos Online

For immediate release

Seoul, Korea - Monday, 27th July 2009 - NHN announced today that its first release in Europe will be a new, graphically stunning free-to-play fantasy MMORPG called Karos Online. Karos Online is being developed in Korea by Galaxy Gate, a studio founded by the lead developers of Last Chaos, a title released in 2004 which has since found success in Europe. Karos Online ( http://www.karosgame.com) is scheduled for release this autumn.

NHN, which has launched several successful free-to-play titles in Asia through its Hangame portal, is offering this brand new game as its premier European title in order to give EU players the chance to feed in on the game's development from the pre-launch stages. Karos Online is scheduled to release simultaneously in Europe and Korea and will be available to European players for closed beta testing, so that their feedback can be considered early to help tailor the game to European tastes and play styles. "Our goal with Karos Online is to provide a gaming experience that players across Europe will enjoy for a long time to come," said Dongmin Lee, Head of Overseas Game Business Development at NHN. "Europe is a new market for NHN, and we are focusing our efforts there on offering this fresh title which we feel has a lot of potential. In addition to a great game, we know that European players expect a high standard of service, and we are committed to delivering that with Karos Online."

In Karos Online, players take the role of a hero determined to defeat the curse of darkness falling over the world of Asmara, and ascend to ultimate glory by becoming the mythical Karos warrior. Through questing, guild clashes and mass PvP, they enter the fight for domination over the world's vital energy source, Fletta. Fletta gems provide the basis for the game's unique and complex alternate progression system; alongside traditional leveling within the game, Fletta energy can be used to increase stats, give buffs, buy resources and enchant items.

With a strong RPG component, wide range of class skills and fantastic visual combat effects, Karos Online offers a rich player experience and an exciting end-game for guilds, including castle sieges and resource control points. There are a variety of dynamic dungeons to explore, with shifting paths and surprises to challenge players as they progress in level. The economy is well-developed, with mining, fishing and crafting elements, and a consignment system for storage and an auction house.

Karos Online offers rare graphical quality for its small client size, and will be accessible to a vast range of computers with minimal requirements. Videos demonstrating graphics and gameplay are now available on the official website at www.karosgame.com, and more features will be revealed as the closed beta test, scheduled to start in mid-August, gets underway.

Karos Online is scheduled to launch in English this autumn, followed by German and Turkish versions. NHN confirms that additional languages are being considered.

About NHN Corporation

NHN (KOSDAQKOSPI: 035420) was established in 1999 and is currently the leading multi-national internet company in Korea, providing operating internet search portal and gaming services in Korea, Japan and China. Its products include Naver, Korea’s largest search portal, its products include Naver, Korea’s largest search portal with more than 17 million unique daily visitors, and Hangame, a multiple internet game portal sites including leading Asian portal Hangame, which brought KRW 366.7 billion (206 million €) in revenue in 2008, a 51% increase versus 2007. For more information, please visit http://www.nhn.com/en.

Press Contact

ICO Partners

pr@icopartners.com

Business Contact

karosbiz@nhn.com

http://www.karosgame.com

Games Convention Online (Leipzig): Business Lounge BM20-1 (Korea booth)/ Public booth B11-2