WEBZEN Changes Gala-Net’s Name to WEBZEN West Inc.

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WEBZEN Inc., a global leader in next-generation free-to-play games, announces that Gala-Net, Inc. and its subsidiary, Gala Networks Europe Ltd., a leading publisher of free-to-play online games and operator of the gPotato portals, will now operate under the corporate names of WEBZEN West, Inc. and WEBZEN Dublin Ltd.

WEBZEN completed the legal steps necessary for the corporate name changes to WEBZEN West and WEBZEN Dublin on May 9, 2013.

WEBZEN acquired both companies in February 2013. Following this acquisition, WEBZEN West and WEBZEN Dublin have changed their corporate identities to incorporate the logotype for WEBZEN Inc.

Both companies will implement a new business strategy of focusing on the global publishing business in North/South America and Europe under the WEBZEN brand.

WEBZEN West and WEBZEN Dublin have operated gPotato portals, hosting diverse free-to-play MMORPGs such as Flyff, Rappelz and Allods Online to more than 23 million registered users in North America and Europe. Additionally, the upcoming Martial Arts-MMORPG, Age of Wulin will launch in Europe in 2013.

“Contributing to the development of a global corporate culture and an independent management with cultural diversity of our subsidiaries, we expect to generate a significant synergy effect in the global markets,” said Tae Young Kim, CEO of WEBZEN. “We are confident that we will gain a momentum of entrepreneurial growth and positive corporate culture from an effective and continuous communication with our subsidiaries.”

About WEBZEN Inc.

Founded in Seoul, South Korea, in 2000, WEBZEN Inc. (KOSDAQ) is a leading global developer & publisher of online/mobile games. WEBZEN is continuing its tradition of pioneering the full 3D MMORPG MU Online with Archlord, Continent of the Ninth Seal (C9), Arctic Combat (aka BATTERY), the Metin series and an array of exciting game titles slated for release in the global game market.

WEBZEN has expanded its service to Europe, North and South America and other countries by operating gPotato portals which have over 23 million registered users. WEBZEN is currently working on the upcoming release of MMORPG Archlord 2, MU 2, the mobile game MU The Genesis and many other games under development. Further information on WEBZEN and its games can be found at www.webzen.com.

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