So, Taegukgi has been selected as Korea's entry for next years Oscars / Academy Awards. Not 3-Iron. Nor Oldboy.
The film came out on DVD in Korea on October 5th, i.e. yesterday. I suppose I will have to order it and see, if they reckon it's better than Oldboy - potentially one of the most interesting films in the world during the past year at least.
Story originally spotted thanks to KFC, that thread takes from this page here.