NCsoft establishing a wholly owned subsidiary in Japan

NCsoft Corp. announced the establishment of NCsoft Japan KK, as one hundred percent owned and operated subsidiary, valued at 100 million Yen. NCsoft Japan's operations will include development and localizations of their games serviced via PlayNC, NCsoft's games service platform. Servicing and marketing activities of all NCsoft's games will be executed under the operations of NC Japan KK, a joint venture with Softbank Japan.

NCsoft penetrated into Japanese market in 2001 by establishing a joint venture, and now is servicing both Lineage and Lineage II. Guild Wars is lined up for a commercialized service starting from January 27th. During the third quarter of 2005, NCsoft hit the record of 7.6 billion Korean Won in revenue with 3.7 billion in operating profit in Japan due to the consistent demands generated from Lineage and Lineage II. Japanese market contributes 20% of NCsoft's entire overseas sales.

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