NCSoft Decides to Physically Split Two Business Divisions... "Focusing Capabilities on Specialized Areas"

Physical Division of QA Service and Application Software Business Division

NCSoft will spin off two business divisions: the QA service division and the application software development and supply division.

On June 24, NCSoft held an extraordinary board meeting and decided to split the company and establish two new subsidiaries.

Through this split, NCSoft aims to establish a management system that enables swift and specialized decision-making for each business division and to strengthen core competencies. The company plans to focus its capabilities on specialized areas to advance its business and ultimately enhance corporate and shareholder value.

The new subsidiaries will be two unlisted corporations: NC QA COMPANY (tentative name) and NC IDS COMPANY (tentative name).

NC QA COMPANY will specialize in the QA (Quality Assurance) service division. Its business areas include ▲ software quality assurance services and other related businesses ▲ computer programming, system integration and management ▲ information technology and computer operation-related services.

NC IDS COMPANY will specialize in the application software development and supply division. Its business areas include ▲ application software development and supply ▲ computer system integration consulting and construction ▲ system software development and supply.

NCSoft will hold an extraordinary general meeting of shareholders on August 14 to finalize the company split and the establishment of the new subsidiaries. The effective date of the split for each new company is October 1.

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