South Korea, 13 October 1990. Following President Roh Tae-woo's declaration of a crackdown on organized crime, Busan businessman Choi Ik-hyun (Choi Min-shik) is arrested for embezzling billions of won from hotel construction companies, and is also charged with intimidation, kidnapping and assault. Busan public prosecutor Jo Beom-seok (Kwak Do-won) is in charge of the investigation, and especially the murder of hotelier Heo Sam-shik (Kwon Tae-won) by mobster Kim Pan-ho (Jo Jin-woong), with whom Ik-hyun allegedly was connected. Back in March 1982, Choi was a Busan customs officer who, along with colleagues, was already taking bribes and pilfering goods. After discovering 10 kilograms of heroin in a warehouse one night, he and colleague Jang Ju-im (Kim Jong-gu) approach a friend of Jang's, gangster Choi Hyung-bae (Ha Jung-woo), to sell it to Japan's yakuza, with whom Hyung-bae has ties. Ik-hyun discovers that the younger Hyung-bae is also a member of the same Choi family clan from Gyeongju and the two form a close relationship. Ik-hyun leaves his customs job and becomes a full-time businessman, with Hyung-bae taking care of the underworld side and Ik-hyun protecting him with his high-level contacts. In the mid-'80s the two forcibly take over a nightclub run by Miss Yeo (Kim Hye-eun) that is on the turf of Pan-ho. Following his humiliation, Pan-ho has the club raided by the police and Hyung-bae arrested, though Ik-hyun gets Hyung-bae released by using the Choi clan connection with Seoul public prosecutor Choi Joo-dong (Kim Eung-soo). In May 1987, Ik-hyun and Hyung-bae take their business to the next level, formally linking up with Japan's yakuza and having a connection with a hotel-casino, the Daedong, that is also on Pan-ho's turf. Pan-ho threatens a gang war with Hyung-bae, and Ik-hyun is forced to decide where his loyalties and self-survival lie.
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