Shim Hyung-rae (심형래)

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  Korean Mega War Movie Targets Pan-Asian Audience
  2011/12/15, Source,
  Kang Je-gyu's new pan-Asian movie "My Way" premieres on Dec. 22. Kang, who drew over 10 million spectators with the clunking history epic "Taegukgi" in 2004, is now hoping for Asia-wide success with the biggest budget and the most ambitious scale in many years. The movie portrays the tragic destiny of two young men, one from Korea and the other from Japan, who are drafted into the Japanese Army during World War II and later have to fight in Soviet and German uniform. The movie is very loosely based on a true story,...More

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  Comedian apologizes for stiffing his employees
  2011/12/05, Source,
  Film producer and director Shim Hyung-rae said he deeply apologizes to his employees for not paying 800 million won ($707,200) of their wages and promised he will pay back the money owed. Shim, 53, comedian-turned-director and a living legend of Korean comedy, was accused by former employees in August of embezzling 4.1 billion won of the company's money and not paying employees' wages. Prosecutors banned Shim from leaving the country in October because of the massive amount of debt he has accumulated,...More

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  Bankrupt Comedian Faces Embezzlement Charges
  2011/11/01, Source,
  The movie production center owned by comedian-turned-director Shim Hyung-rae sold for W4 billion at auction, a district court in southern Seoul said on Monday (US$1=W1,106). Shim is broke after his latest films failed to make money. The building that housed the production company, Younggu Art, was appraised at W3.72 billion and bought by a property developer, the only bidder. The money will be used to pay the back wages of 43 staff at Younggu Art and their W891 million severance pay. The rest will go to repaying Shim's bank debts. A 244 sq. m luxury condominium owned by Shim has also been put up for auction,...More

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  'D-War' director banned from leaving country
  2011/10/31, Source,
  Shim Hyung-rae facing charges of embezzlement, remodeling firearms Film producer and director Shim Hyung-rae has been banned from leaving the country on suspicions that he embezzled 4.1 billion won ($3.7 million) of his company's money and remodeled manufactured firearms. The Seoul Metropolitan Police Agency said Shim, 54, the CEO of Younggu Art and director of "D-War" (2007) and "The Last Godfather" (2010), has also been under investigation since August for failing to pay about 800 million won in employee wages and other charges,...More