Nexon to Acquire South Korean Developer THINGSOFT

  Nexon to Acquire South Korean Developer THINGSOFT

Acquisition of Leading F2P Developer Expands Lineup of Exciting AAA Titles and
                       Brings Strong New Game Pipeline

                     Enhances Leadership in Online Games

Business Wire

TOKYO -- September 12, 2013

NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online
games, today announced that Neople, a wholly-owned subsidiary of Nexon,
entered into a definitive agreement to acquire all outstanding shares of
THINGSOFT (“THINGSOFT”), a leading PC online game development studio based in
Seoul, South Korea. Terms of the transaction were not disclosed.

Founded in 2010, THINGSOFT has established a strong track record of developing
AAA-quality immersive free-to-play (“F2P”) online games. The founders of
THINGSOFT have a successful track record of collaboration, and have been
involved in the development of such hit PC titles as FIFA Online 1, as well as
its successful sequel FIFA Online 2. THINGSOFT is developing several new
titles, including Sangokushi Sousouden Online and the much-anticipated Project
NT, which is expected to launch in 2014.

“THINGSOFT has a wealth of experience in the F2P business, and a successful
track record of developing AAA content,” said Seungwoo Choi, President and
Chief Executive Officer of Nexon Co., Ltd. “Building on our history of
successful collaboration together, this transaction leverages the strengths of
both companies by providing access to THINGSOFT’s developmental capabilities
and an exciting pipeline of new titles, and Nexon’s scale and global
distribution platform. We look forward to working with the talented THINGSOFT
team to deliver a robust portfolio of titles to even more players around the
world and across platforms.”

THINGSOFT is led by first-generation game developer Sangwon Chung, who serves
as CEO and Executive Producer. With over 15 years of game development
experience, Chung was previously the Senior Vice President of Game Development
at Neowiz Games.

“We are thrilled to join the Nexon family,” said Sangwon Chung, CEO and
Executive Producer for THINGSOFT. “This transaction is the natural next step
for THINGSOFT as we seek to bring our games to more players and different
platforms. As the free-to-play pioneer with global reach and scale, Nexon is
the perfect partner to help us do that and we look forward to the benefits of
being a part of an even larger organization.”

About NEXON Co., Ltd. http://company.nexon.co.jp/

NEXON Co., Ltd. (“Nexon”) (3659.TO) is a worldwide leader in free-to-play
online games. Founded in Korea in 1994, Nexon developed one of the world's
first graphics-based massively multiplayer online games. Nexon also pioneered
the concept of microtransactions and the free-to-play business model, setting
a new standard in which play is free, and users have the option to purchase
in-game items to enhance their experience. Nexon currently services nearly 60
online games in more than 100 countries and since its founding, Nexon has
generated more than 1.4 billion player registrations. The Company is
headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock
Exchange.

About THINGSOFT http://www.thingsoft.com/

THINGSOFT, the developer of Project NT, was founded in January 2010 by
domestic first-generation game developer Sangwon Chung who led the developing
of online games such as The Kingdom of the Winds, Tactical Commanders,
Warlord, and Perfect KO. Current projects include Sangokushi Sousouden Online,
Project NT, and Steel Commanders.

Contact:

For Nexon:
Owen Mahoney, Chief Financial Officer
Tel: +813-3-3523-7910
or
Greg Melchior, Corporate PR
Tel: +813-3-3523-7919
 
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