SEOUL, South Korea – Oct. 24, 2007 – WEBZEN Inc. (NASDAQ: WZEN), a leading global online entertainment company, today announced that they secured a $5.8 million licensing deal for the epic fantasy massively multiplayer online role-playing game (MMORPG) Soul of the Ultimate Nation with Japanese publisher GameOn.
Soul of the Ultimate Nation is slated for commercial distribution throughout Japan next year, and is expected to increase WEBZEN’s 2008 fiscal results. The license agreement covers all development and installation expenses.
The Soul of the Ultimate Nation licensing deal marks the second collaboration between WEBZEN and GameOn, and increases WEBZEN’s growing position in the Japanese gaming market. The two companies first partnered in 2003 (confirm) on WEBZEN’s first MMORPG, MU Online.
“This deal for Soul of the Ultimate Nation builds on the trust established by the successful introduction of MU Online in Japan,” said Nam-Ju Kim, chief executive officer, WEBZEN Inc. “We are happy to see another great WEBZEN title enter the Japanese online gaming market.”
“We were very impressed with the successful launch of Soul of the Ultimate Nation in China and Taiwan,” said Sang Youb Lee, president and chief executive officer, GameON. “The game has the highest level of graphic design and action of any MMORPG we’ve seen. I’m sure that Soul of the Ultimate Nation will satisfy the discerning tastes of Japanese gamers.”
