An employee of a Japanese automobile manufacturer travels to Busan to attend the presentation of a new car model that was developed together with Korean colleagues. When the prototype is stolen from under his nose, Japanese and Korean employees have to work together, whether they like it or not.

One snowy night, in a mountain hut, Minokichi, a hunter, sees a snow woman killing his mentor Mosaku. “Should you tell anyone, I will take your life” she says, then drifts off. A year later, Minokichi meets and marries a beauty named Yuki. She bears him a daughter, Ume. 14 years pass and Ume blossoms into a radiant lady who befriends the sickly Mikio, the village leader’s son and Mosaku’s distant relative. Mikio soon dies in the same hut as Mosaku, with his body showing the same frostbite scars. Minokichi is reminded of that horrid night, and wonders what it was that he saw, and who Yuki really is.