The film, tentatively called "No Other Choice," is based on American writer Donald E. Westlake's novel "The Ax." Its story revolves around an office worker, played by actor Lee Byung-hun, who struggles to support his family as a breadwinner after suddenly losing his job.
The film marks Park's reunion with Lee after nearly two decades since the two teamed up for "Joint Security Area" in 2000 and "Three... Extremes" in 2004.
The veteran filmmaker's 12th feature comes two years after his critically-acclaimed "Decision to Leave" which earned him the Best Director award at last year's Cannes Film Festival. The three-time Cannes winner also won the Grand Prix award with "Oldboy" in 2004 and the Jury Prize with "Thirst" in 2009.
The exact release date of the film, which also stars actress Son Ye-jin, has not yet been decided.