Lee Joon-Ik’s King and the Clown (왕의 남자) will be Korea’s official entry for the foreign-language Oscar. Other two films that were considered were Bong Joon-Ho’s The Host (괴물) and Kim Ki-Duk’s Time (시간). CJ Entertainment America is planning to release King and the Clown theatrically, some time early next year. This will be the second direct release in the US market for CJ Entertainment, after Typhoon (태풍).
Source: [KOFIC]