Seems we will be seeing lots of new MMOs over the next year or so. NCSoft announced yesterday that it licensed Unreal Engine 3 for use in two of its upcoming MMO projects, and today Bluehole Studio sends word that they too are using Epic’s Unreal 3 engine in a future MMO.

“At Bluehole Studio, we are striving to advance the MMORPG industry by leveraging high quality graphics. Thus, we are very pleased to collaborate with Epic, because Unreal Engine 3 is the best choice for our development framework,” said Yong-hyun Park, chief technical officer of Bluehole.

Codenamed Project S1, the game is being developed for the PC platform. No concrete details on the title were revealed.

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