Set in Shanghai in 1924, the film is about the Heroic Corps: a covert cell of insurrectionist anarchists who attempt to overthrow the Japanese government's occupation of Korea through propaganda of the deed.

Told from the perspective of the youngest member, Sang-gu, years after the fact, the story is a sympathetic look at a group of revolutionaries through the eyes of one of their own.

In the opening scene the protagonist begins to reminisce about his youth and remembers the day he was saved from execution in a raid performed by the anarchist cell he would later join.

This angers the group, and they leave the larger organization, attempting to survive on their own by earning money through gambling and bank robbery.

[1] The project was put together through the efforts of the Korean Film Commission and the international exchange division of the city of Busan, using connections they had been developing in Shanghai.