From the website:
The Holy Scriptures Bible Society is conducting this project to faithfully and definitively update the old language of the King James Version (KJV) of the Holy Bible. The purpose of the project is to help readers and hearers of the KJV better understand the word of God. As it is written, “So likewise ye, except ye utter by the tongue words easy to be understood, how shall it be known what is spoken? for ye shall speak into the air.” (1 Corinthians 14:9) Imagine a genuine KJV 2022; that should paint a good picture of the vision for this work. A modern KJV that keeps the same meaning as the original would be an enormous blessing for millions of people. This includes retaining the distinction between singular and plural pronouns that is present in the KJV and important for many of its readers. For students of God’s word who primarily use a different translation, this work may prove to be a useful study resource. The project is to update antiquated language, including outdated vocabulary, spelling, grammar, verb endings, and punctuation. To date, a satisfactory and definitive KJV update has not been found to exist. The New King James Version is not a strict update of the KJV, for it was re-translated from the original languages and significantly differs in meaning from the KJV in places.