WEBZEN Names Cindy Armstrong Chief Executive Officer of U.S. Subsidiary, WEBZEN America; Former Sony Online Entertainment Executive Brings More Than 15 Years of Industry Experience to Leading Global Online Game Company

Business Wire, April 12, 2006

LOS ANGELES & SEOUL, South Korea -- WEBZEN America, Inc., the wholly owned subsidiary of Korea-based online entertainment company WEBZEN Inc. (NASDAQ:WZEN), announced today it has hired Cindy Armstrong as the chief executive officer of the company's North American operations. A seasoned executive with extensive experience in online entertainment, Ms. Armstrong will spearhead WEBZEN America's strategy to bring world-class online games to the Western market.

"Ms. Armstrong has the perfect pedigree to lead WEBZEN America and firmly establish the company in this critical territory," said NamJu Kim, chief executive officer, WEBZEN Inc. "Her industry knowledge, business development expertise and international expansion experience make her tremendously qualified to help WEBZEN meet its goal of becoming a leading online game company in all major markets worldwide."

"Joining WEBZEN America as the company is on the verge of becoming a powerhouse online games company in this market is an exciting and incredible opportunity," said Ms. Armstrong. "The suite of online games WEBZEN has slated for the U.S. is truly unmatched by any other publisher and I look forward to helping the company deliver on its potential to exceed the expectations of North American online gamers."

Ms. Armstrong brings more than 15 years of online entertainment experience to WEBZEN America. Previously she was Vice President of Business Development for Sony Online Entertainment where she was responsible for all facets of the company's business development efforts, focusing on emerging markets, international expansion, product acquisition and OEM opportunities.

Before SOE, Ms. Armstrong held key positions at a variety of other top electronic entertainment companies, including Nintendo of America, Boss Game & Film Studios, NES International, Inc. (Paris, France) and Activision UK Ltd. Ms. Armstrong has been involved with several successful product launches, including the Nintendo 64 and Super NES.

About WEBZEN, Inc.

Founded in 2000 and based in Seoul, Korea, WEBZEN has become a leader in the MMOG market and has developed some of the world's top online game and client/server technologies. Listed on the NASDAQ (WZEN), WEBZEN is continuing the tradition of MU Online with Soul of the Ultimate Nation and an array of exciting game titles slated for release in the world's game market. WEBZEN is also the first publisher in Korea to diversify into console platforms, including Xbox 360(TM) and PlayStation(R)3 (PS3). In January 2005, WEBZEN announced its entry into the U.S. games market with a subsidiary, WEBZEN America, based in Los Angeles.

About WEBZEN America Inc.

WEBZEN America, Inc. is the wholly owned North American subsidiary of WEBZEN Inc. (NASDAQ:WZEN), a global online interactive entertainment company. Based in Los Angeles, WEBZEN America launched in 2005 to bring world-class massively multiplayer online game services to North America. The company's portfolio of highly anticipated games includes the epic fantasy MMO role-playing game Soul of the Ultimate Nation, the intense, knuckle-whitening MMO First Person Shooter HUXLEY and the attitude-driven urban action MMOG All Points Bulletin (APB).