'Money Heist: Korea' Historical Backdrop and Political Themes Explained

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The transfixing K-drama spinoff of Money Heist stays pretty true to the original Spanish cult series. But at its heart is an intriguing Korean tale set against a fictional political backdrop, reflecting the Korean peninsula's checkered past and complicated present.

The new show sees a pulsating heist and hostage crisis unravel in the year 2025, with the two halves of the peninsula slated to be reunited following the formation of a Joint Economic Area (JEA).

The thieves plan to steal four trillion [Korean] won of a unified currency from a Korean mint set in the JEA and "be gone like the wind," according to the Professor (played by Yoo Ji-tae), the mastermind behind the grand robbery.

This historical and political configuration is what makes Money Heist: Korea - Joint Economic Area "so unique" and "very much a Korean story," Yoo and Kim Yun-jin (who plays Woo-jin, the leader of the task force and negotiator of the hostage crisis) told Newsweek ahead of the series release.

Hostages in "Money Heist Korea."
Hostages inside the Korean mint in the Korean remake of "Money Heist" on Netflix. Netflix

Kim—who said she'd binged through two seasons of the original work nearly overnight—explained: "I think the audience will appreciate the scale and detail of the Korean version and how it is very much a Korean story," due to the geographical, historical and political references.

"I think this backdrop, while it's a sad reality, gives the work such a strong Korean identity, making it a story that can only be told by our country."

Yoo said the JEA is an area that's "neither North or South Korea," symbolic of the peninsula's real-life Joint Security Area (JSA), which is part of the Demilitarized Zone (DMZ) where diplomatic negotiations between North and South Korea take place.

The historically loaded feel of the JSA adds an intensity that is uniquely Korean and this theme of political tension is referenced throughout the series, perhaps even in the release date of the series falling on June 24—a day before the anniversary of the Korean War.

The war began on June 25, 1950, triggered by North Korean forces invading South Korea following several clashes at the border.

Jeon Jong-seo in "Money Heist Korea."
Jeon Jong-seo, who plays a former North Korean solider who joins the heist team as Tokyo, seen in the Korean remake of "Money Heist" on Netflix. Netflix

The two countries are technically still at war because while an armistice agreement was reached in July 1953, it was never signed by the then South Korean president, Syngman Rhee.

And neither was there a peace treaty signed to formally end the war.

In a scene overlooking the hostages, who are a mix of North and South Koreans, Berlin, the formidable leader of the heist team inside the mint, observed: "They fought each other for so long. Will putting them together force them to get along? They don't see us because they're busy fighting among themselves."

Stirring the pot further, Berlin later announces that if a North Korean hostage gets caught making escape attempts or any other suspicious moves, a South Korean hostage will be punished for the deed, and vice versa.

In addition to hostages, cross border divide and tension are also felt among the task force, which consists of an equal number of North and South Korean forces.

"The rivalry between the North and South is quite evident among the task force," Kim said, as the leaders from both sides come head-to-head with their polarizing approaches to conflict resolution.

Yoo, another huge fan of the original series, was intrigued when he first saw the script for the Korean remake: "I remember thinking this could either be really great, if done well, or really bad, if we mess it up, and we could get a lot of heat for it," feeling a huge sense of pressure around doing justice to the Spanish work.

"What makes the Korean version so unique is its configuration, set against the backdrop of a soon-to-be-reunified Korean peninsula. The concept of a Joint Economic Area is quite a new idea and unfamiliar term, which I felt was well thought out in the show, with a great composition and dynamic storyline within a tight script," said Yoo.

So what message does the Korean spinoff have and what does it say about the future of Korean reunification?

"That democracy is very messy, like in America," said Kim. "Trying to do anything democratic is messy and it takes a long time, but we'll get it done one day."

Money Heist: Korea - Joint Economic Area is available to stream on Netflix from June 24.

Task force leaders in "Money Heist Korea"
Kim Yun-jin as Woo-jin (the negotiator and leader of the task force) and Kim Sung-oh as Myoo-hyuk (the leader of the North Korean force). Netflix

About the writer

Soo Kim is a Newsweek reporter based in London, U.K. She covers various lifestyle stories, specializing in travel, health, home/interior design and property/real estate. Soo covered the COVID-19 pandemic extensively from 2020 to 2022, including several interviews with the chief medical advisor to the president, Dr. Anthony Fauci. Soo has reported on various major news events, including the Black Lives Matter movement, the U.S. Capitol riots, the war in Afghanistan, the U.S. and Canadian elections, and the 2020 Tokyo Olympics. Soo is also a South Korea expert, covering the latest K-dramas—including the breakout hit Squid Game, which she has covered extensively, including from Seoul, the South Korean capital—as well as Korean films, such as the Golden Globe and Oscar-nominated Past Lives, and K-pop news, to interviews with the biggest Korean actors, such as Lee Jung-jae from Squid Game and Star Wars, and Korean directors, such as Golden Globe and Oscar nominee Celine Song. Soo is the author of the book How to Live Korean, which is available in 11 languages, and co-author of the book Hello, South Korea: Meet the Country Behind Hallyu. Before Newsweek, Soo was a travel reporter and commissioning editor for the award-winning travel section of The Daily Telegraph (a leading U.K. national newspaper) for nearly a decade from 2010, reporting on the latest in the travel industry, from travel news, consumer travel and aviation issues to major new openings and emerging destinations. Soo is a graduate of Binghamton University in New York and the journalism school of City University in London, where she earned a Masters in international journalism. You can get in touch with Soo by emailing s.kim@newsweek.com . Follow her on Instagram at @miss.soo.kim or X, formerly Twitter, at @MissSooKim .Languages spoken: English and Korean


Soo Kim is a Newsweek reporter based in London, U.K. She covers various lifestyle stories, specializing in Read more