Recently NCSoft KR posted a recruiting announcement for FPS developers. They are searching for developers that can use Unreal Engine 4 and have at least 5 years development experience. TIG said that the project has been operated since 2011 and may be available after the launch of Lineage Eternal. Ncsoft is known for taking their time to release polished games so I guess this game will come out later then 2014.
The license agreement between Epic Games and NCSoft for Unreal Engine 4 was signed in February when they said that they are working on two new titles. No info at the moment about this game being an MMO or not.
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