While Gala-Net’s North America, Europe and Brazil services were sold to Webzen a couple of days back, the development arm of the corporation, Gala Lab, remains intact with business as usual. Eternal Blade, 1 of the 2 upcoming self-developed titles, is currently scheduled to begin service in Japan come Spring 2013.
There is not much information, except for a couple of new screenshots seen above from the Korean server. Below is the debut trailer for Eternal Blade, released around 1 year ago. Gala Lab is also currently working on polishing the spiritual sequel to FlyFF.