Kakao Games has announced a new partnership agreement with Bluehole to invest in a forthcoming triple-A MMORPG. Kakao has obtained the North American and European publishing rights to "Project W", the MMO's code-name. Bluehole is known for TERA and development on the new IP is being spearheaded by Hyung-Jun Kim, former Chief Art Director for NCSoft.
No further information about Project W is available at this time but Kakao and Bluehole promise that more will be revealed in the near future.