It's clear W for NS, but very few teams actually field a 6th player. They will do so to avoid losing contracts of the players, but it's a big L for the Korean scene. With the disband of NS, there will not be a competitive Korean team at Ascension 2025.
Academy teams are not eligible to compete in Ascension.
NS cannot run an Academy as there is a maximum of three Academy teams allowed in one Challengers League, and NS has already confirmed its dissolution after Split 3.