After some digging, I found a page that mentioned this executable file as one of those belonging to an application named NoPing, including at least version 4.0.3.3 though possibly other versions as well.
Unfortunately, the only specific mention of the file itself I found, was on a page indicating how to remove NoPing using an uninstaller application I've never heard of and so wouldn't personally trust. For this reason, I won't provide a URL to the page, but you should be able to find it using search yourself.
First though, I'd simply look in your applications for NoPing and try removing that if present, since unless it's a truly rogue application, that should remove this component as well.
From what I found online, it appears that NoPing might be a gaming tunnel (e.g. gaming tunnel) used for playing games in Japan and possibly Korea.
Rob