Shim Hyung-rae (Korean: 심형래; born January 3, 1958, sometimes credited as Hyung Rae Shim)[1] is a South Korean former comedian and filmmaker best known for directing Yonggary and D-War, by far the most expensive Korean movie in history.

He has often worked with fellow directors Nam Gi-nam and Kim Cheong-gi.

Shim Hyung-rae began his career debuting as a comedian in 1982 with the Korean Broadcasting System and won the KBS Best Comedian of the Year Award in 1988.

In 1990, he received the KBS Performer of the Year Award, with over 90 motion picture appearances and as a producer.

In 1993, he established Younggu Art(Zeronine Entertainment) and released Younggu and Dinosaur Z uZ u as director and lead actor.