The director of the 2019 Oscar-winning movie Parasite is set to create a new movie project and it’s reportedly Korea’s most expensive. Originally reported by Daum, director Bong Joon-ho is set to create a feature-length animated movie that will cost 70 billion won to make, or about 52 million dollars. Distributed in Korea by CJ ENM and discussed internationally for distribution by Sony Pictures.   

The story is reportedly about the relationship between humans and marine life set in the deep sea. Details about the story of the movie have remained scarce, though it’s been stated that Bong has been working on the screenplay since 2018. With the script hitting completion at around January 2021.

This upcoming feature-length animated movie being created will use CG animation by 4th Creative Party, which is a Korean VFX company that has worked on titles such as Okja, Snowpiercer, and Oldboy. Atop of this, director Bong Joon-ho is planning to collaborate with his former Parasite director of photography, Hong Kyung-pyo to work on the film’s visual lighting. Atop of this, post-production work on the movie is scheduled to be split between Korea and the US in the first half of this year.

The biggest concern regarding this new project is what will happen to Bong Joon-ho’s other finished film project, Mickey 17. An adaption of a 2022 novel by Ashton Edward, Mickey 17 stars actor Robert Pattinson and features actors Steven Yuen, Toni Collette, and Mark Walburg. Though it’s finished in production, the movie has entered an indefinite hiatus since the onset of the 2023 SAG-AFTRA strike which saw the major studio delay just about every single one of their big movie releases. The film is likely a choice for an end-of-year awards push though what happens to it next is uncertain, especially given the public fallout of the studio’s most recently cancelled movie, Coyote vs Acme.