Karos Online

13 May 2010

London/Seoul: NHN Corporation, Korea's top internet company, and the global online payment solution provider Moneybookers have partnered to enable players of the new free-to-play online fantasy game Karos Online to purchase premium game content quickly and easily using a Moneybookers eWallet account.

With more than 12 million account holders worldwide, the Moneybookers eWallet is a popular and secure payment option that is very simple to use, requiring only an email address and password to make real-time online purchases. Registration at Moneybookers is free, and funds can be transferred from a bank account or credit/debit card.

Karos Online is a Massively Multiplayer Online Role Playing Game (MMORPG) in which players take the role of a hero fighting for honour and glory in the beautiful but troubled world of Asmara. With a strong role-playing element that requires a wide range of skills and fantastic visual combat effects, Karos Online offers a rich player experience and an exciting end-game - including castle sieges and resource control points. Karos Online is available to download and play now at www.karosgame.com .

"We aim to offer the most secure and convenient methods of payment in the Karos Online item shop, and to that end we're very pleased to have partnered with Moneybookers," says Dongmin Lee, Director of International Business at NHN Corporation.

"A Moneybookers eWallet account is an ideal way to manage payments for online games," says Martin Ott, co-CEO of Moneybookers. "We're happy to work with NHN to provide Karos players with a smooth, safe payment option to enhance their gaming experience even further. Similarly, the Moneybookers eWallet provides NHN with a convenient way of managing the area of micropayments. Card providers charge a fee every time a card is used, which when applied to many small payments forms an ever greater part of revenue. By offering players the eWallet as a payment option, it is possible to reduce these charges levied by card providers."

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About Moneybookers.com

Moneybookers is one of Europe's largest online payments systems and among the world's leading eWallet providers with over twelve million account holders. The simple eWallet enables any customer to make online payments conveniently and securely without revealing personal financial data, as well as to send and receive money transfers cost-effectively simply by using an email address. Moneybookers’ worldwide payment network offers businesses access to over 80 payment options in over 200 countries through just one integration. More than 60,000 merchants use Moneybookers’ payments service, including global partners such as eBay.com, Skype and Thomas Cook.

Moneybookers was founded in 2001 in London and is regulated by the Financial Services Authority of the United Kingdom.

In February 2010, The Sunday Times Deloitte Buyout Track 100 league table ranked Moneybookers as the Number 1 fastest growing private equity-backed company in the UK based on profits. This followed its September 2009 naming in The Sunday Times Microsoft Tech Track 100 league table as the sixth fastest growing technology company in the UK based on sales growth. Moneybookers was also recognised for the quality of its management, international expansion and growth strategy with two awards at the 2009 UK Media Momentum Awards.

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 brought KRW 366.7 billion (206 million €) in revenue in 2008, a 51% increase versus 2007.

For more information about NHN, please visit www.nhncorp.com.