Korean production company Chungeorahm and China’s Stone Man Films will co-produce a Chinese sequel to Korean hit The Host that will be directed and scripted by China’s Ning Hao (Crazy Stone), reports Variety.
The trade says the story will concern a calamity caused when people ignore a monster due to their desire for money.
Production credits are shared by Chungeorahm president Choi Yong-bae and Daniel Yu, who produced Crazy Stone while at Hong Kong’s Focus Films.
About half the $12 million production money will come from China and half from Korea and Hong Kong.
Shooting is expected to start early next year for a release at the end of 2009.