A swordsman is looking for his parents' enemy and finally meets the old swordsman who he thinks is the enemy of his parents.

An overworked female executive is haunted by strange dreams. She is compelled to travel to a remote fishing village where she is inexplicably kidnapped and sold to a peasant farmer on a remote island.

Due to a drought that has occurred only once in a hundred years, the people of the Gaeryong and Gangho regions are plunged into misery. Upon this, Great Master Baekseong urges Geum-bung to find the Night-Glowing Pearl. Geum-bung meets Jung-yong, who was born as a dragon and was then transformed into a human, and sets off for the Gaeryong region to help him obtain the Night-Glowing Pearl and save the people. The film is a South Korean remake of a Taiwanese film titled Sea Gods and Ghosts, which this film also pilfers footage from.