KRAFTON are developing a new title on Unreal Engine 5

PUBG office in Amsterdam started recruiting employees to develop a new, not yet announced "AAA" class project on the latest Unreal Engine 5.

At the same time, dataminer PlayerIGN reports, citing internal sources, that the last few months at KRAFTON discussed an upgrade to the Unreal Engine 5 sequel to PUBG, which, according to unofficial information, is currently in development.

NEW UE5 PUBG game:
PUBG Amsterdam's hiring to build a new AAA Unreal Engine 5 "UNANNOUNCED PROJECT" game.
A PUBG2 project upgrading to UE5 was discussed a few months ago via internal sources.
Also from diff recent leak at Nvidia, we know there's a WIP Krafton game called "X1." pic.twitter.com/oQKuyN3NQ1

— PlayerIGN (@PlayerIGN) September 22, 2021

The developers could be working on the second part under the codename "Project Titan". This Battle Royale title is on KRAFTON's list of projects currently in WIP.