Perfect World and Nexon have announced that they have teamed up to form a new venture based out of Korea. The combination of the Chinese and Korean online companies is tentatively called . . . “New Company.”

“We are very pleased to build a strategic partnership with Nexon,” said Perfect World CEO Michael Chi. “This strategic alliance will help us further expand our user base and provide the highest quality services to local players in the Korean market. The introduction of more of Perfect World’s online games into the Korean market will help further strengthen our international reputation as a comprehensive online game developer and operator.”

“We are very excited about establishing this New Company with Perfect World to bring more of their titles into the Korean market. Nexon was originally founded in Seoul, and moved its headquarters to Tokyo earlier this year,” said Nexon Korea CEO Min Seo.