Philip Yun Takes the Reins at NHN USA

Leading Online Games Publisher Prepares for Long-Term Growth with New CEO

IRVINE, Calif.--(BUSINESS WIRE)--NHN USA, the North American subsidiary of NHN (KOSDAQ:035420), the largest Internet company in Korea, has named Philip Yun chief executive officer. A veteran in the gaming, online entertainment and software development industries, Philip will be the driving force behind NHN USA as the company prepares for its biggest product line up to date.

“I am extremely proud of the team here at NHN USA, helping us become a leading online games publisher in North America and providing gamers everywhere some of the most intense and fun FPS and RPG games available”

Founded in 2006, NHN USA quickly emerged as a premier online entertainment publisher in North America with the popular online game portal ijji.com. Boasting more than six million unique registered gamers, ijji.com hosts a diverse suite of free-to-play online games, from fast-action first-person shooting games to intense racing games and immersive online role-playing games, all with an optional micro-currency model that enables gamers the ability to enhance their gaming experiences by purchasing in-game items.

“I am extremely proud of the team here at NHN USA, helping us become a leading online games publisher in North America and providing gamers everywhere some of the most intense and fun FPS and RPG games available,” said Philip Yun, CEO, NHN USA, Inc. “Our players love the great diversity of exciting games and extensive community available on ijji.com. As we head into the next stage of NHN USA’s growth, I look forward to adding even more exhilarating products to the portal and further solidifying our reputation as a respected and trusted online entertainment brand.”

Philip brings more than a decade of industry experience and knowledge to his new role as CEO of NHN USA. He was an integral part of the company’s successful entrance into the North American online interactive entertainment market, including establishing the company’s popular game portal ijji.com. Previously, Philip was responsible for day-to-day business operations and new business development for the publisher. Prior to NHN USA, Philip was with NHN in Korea. Before that, he turned his passion for gaming into a career with Sony Computer Entertainment Korea where he managed the PlayStation business, marketing and publishing. Philip is a graduate of Seoul National University.

About NHN USA

Headquartered in Irvine, Calif., NHN USA, Inc. (www.nhnusainc.com) is the North American subsidiary of Korea’s leading Internet company NHN (KOSDAQ:035420). Founded in 2006, NHN USA has quickly emerged as a premier online entertainment publisher. The company’s game portal ijji.com (www.ijji.com), which boasts more than six million unique registered gamers, hosts a diverse suite of free-to-play online games each with an optional micro-currency model that enables players to enhance their gaming experiences by purchasing in-game items. ijji.com’s extensive game portfolio includes GUNZ The Duel®, SOLDIER FRONT™, GUNBOUND® Revolution, DRIFT CITY™, LUMINARY Rise of the GoonZu™, MINING BOY™ and Lunia, and will soon include the highly-anticipated Unreal Engine 3-based massively multiplayer online first-person shooting (MMOFPS) game Huxley.