The film is set in the early 20th century, during the Japanese colonial rule of Korea. Jeong Taek is a master of Pyongyang Nalpharam, a form of the ancient Taekkyeon martial art perfected on Mount Taeseong near Pyongyang. He returns home one day to find his father poisoned by Korean-born Japanese woman Mieko, who claims that the elder was responsible for the death of her own father. At first mistaking the woman for his childhood sweetheart, So Gyeon, Taek is forced into action when Japanese forces lay claim to the sacred texts containing the secrets of Pyongyang Nalpharam. (Wiki)http://en.wikipedia.org/wiki/Pyongyang_Nalpharam
A great review of the film is here...
Wiki article on the ancient Korean martial art of Taekkyeon
