Despite numerous legal difficulties surrounding the rights to the property, Steven Spielberg and Will Smith are “moving forward”, according to IGN, with plans to remake “Oldboy”, by Chan-wook Park.

The film has been in considerable legal limbo since release. Futabasha, the Japanese publishing company that released the original “Oldboy” manga, is suing the Korean film production company Show East, the makers of the cult hit live-action film, over the remake rights. However, Reuters reports that Show East has shut down and Kim Dong-Ju, the company’s CEO, has disappeared. The company Big Egg, who helped to co-produce the film, has also ceased operation and its ex-staff members are listed as unreachable.

Spielberg and Smith have been attached to a possible American remake of the film since 2008.

Keep on checking back with Shockya.com for more “Oldboy” news.

By Costa Koutsoutis (Source: IGN)