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Chungeorahm Film, the company behind the Korean monster hit The Host (Gwoemul, 2006), has announced that Singaporean film company Boku Films will invest 5 million USD for the upcoming sequel, The Host 2 (Gwoemul 2), reports Sci-Fi Japan.

A signing ceremony for the investment was held on July 21 (Korean date) in Puchon, where the 13th Puchon International Fantastic Film Festival is currently transpiring (the festival takes place from July 16 to 26).

Chungeorahm Film CEO and THE HOST 2 producer Choi Yong-bae, Boku Film CEO Kelvin Tong and director of the Singapore Film Commission Kenneth Tan attended the signing ceremony.

The amount of 5 million USD (approximately 6 billion Korean won) is the largest foreign investment for a Korean film in the history of Korean cinema.

Boku Films is one of the most prolific film companies in Singapore and is known to genre fans with such films as THE MAID (2005) and RULE #1 (Dai yat gaai, 2008), all of which were directed by CEO Kelvin Tong.

Most notably, THE MAID broke box office records for a horror film in Singapore when it was first released in 2005.

According to the press release, THE HOST 2 is currently in the development stage with multiple scripts (including a prequel written by comic book creator Kang Full) featuring a variety of concepts.

The press release also stated that the South Korean mobile telecommunications provider SK Telecom previously invested to cover expenses for planning and development of THE HOST 2.

As of this writing, there is no cast or director announced for the sequel, although it was previously reports that Ning Hao would direct.

There has been no news regarding plans for a separate sequel for THE HOST to be produced in China, but Universal Pictures has revealed that filmmaker Gore Verbinski (THE RING, PIRATES OF THE CARIBBEAN) will produce the American remake of the first film.
Universal’s remake was originally announced in late 2006.