Developer Lemon and publisher Com2uS (IMO: The World of Magic), both mobile gaming firms based in Korea, announced a publishing agreement to release Fantasia, a cross-platform massively multiplayer online roleplaying game for smartphones and PC -- and notable because it'll have an iPhone version in the West.

The deal includes an English version of Fantasia for iPhone/iPod Touch, and amounts to $3 million with a minimum guarantee. Lemon claims this is "the first attempt in Korea to build a developer-publisher relationship around the open market" for the App Store. You can watch a trailer for the 2D online game after the break.

Built on Lemon's proprietary Aseria game engine, Fantasia features many features common in PC and browser-based MMORPGs, such as player-versus-player battles, parties, guilds, and quests. The studio plans to begin a closed beta test for the online title in the second half of 2010, and release the game early next year.

"It took 4 years and $4.5 million to develop Fantasia," says Lemon CEO Hyo-Sung Yoon. "I am positive that Fantasia will become a killer game content for smartphone with its profound storyline and quality gameplay." Yoon also says he's happy to partner with Com2uS and highly values publisher's knowledge and marketing resources.