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Jeon Jong-seo as Tokyo in a still from Money Heist: Korea – Joint Economic Area. Photo: Jung Jaegu/Netflix

Review | Netflix K-drama review: Money Heist: Korea – Joint Economic Area Part 1 gives a slick geopolitical makeover to hit Spanish thriller series

  • The storyline is largely the same, with criminal mastermind the Professor assembling a break-in gang to steal money, but the setting is a newly unified Korea
  • With an ensemble cast that includes Jeon Jong-seo, Jang Yoon-ju and Yoo Ji-tae, and the same red uniforms and masks, the Netflix series opens fluently

3.5/5 stars

The über-successful Spanish drama series sensation Money Heist gets a makeover for Netflix’s hottest market in Money Heist: KoreaJoint Economic Area, which drops its first six episodes on June 24 with another batch to come.

The characters, set-up and broad story beats remain the same in this update, but the background against which the action plays out gets a unique spin. In the near future, North and South Korea have unified and the heart of this geopolitical entity is the Joint Economic Area on what used to be their border – a play on the existing Joint Security Area between the two.

At the heart of this Joint Economic Area is the mint that produces the unified Korea’s currency. This is the target of the criminal mastermind who calls himself “the Professor” and his band of criminals with global cities as their code names.

Over the past few years, Netflix Korea has become a one-stop shop for breathless dystopian tales that are as socially conscious as they are stylised. With bigger budgets than Korean series have previously enjoyed, and high-concept thrills, these shows have broken new ground for Korean drama.

The elements of Money Heist feel right at home, the gang’s colourful uniforms straight out of Squid Game and its carefully produced sets and limited-location story calling to mind recent Korean drama series The Silent Sea and All of Us Are Dead.

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Our entry point to this story is Tokyo, a young North Korean fan of K-pop boy band BTS who joins the army and, when she moves to the South following unification, becomes a wayward criminal.

In her darkest moment she is saved by the tall, dark and handsome Professor (Yoo Ji-tae), who gives her new purpose in life when he recruits her for his grand scheme.

Tokyo is played with disaffected aplomb by Jeon Jong-seo, the young starlet who made her debut in the award-winning film Burning and proved she was no fluke as the memorable villain of Netflix film The Call.
Yoo Ji-tae as the Professor in a still from Money Heist: Korea – Joint Economic Area. Photo: Jung Jaegu/Netflix

Over time we discover how the Professor recruited the other members of his team, who include the dangerous North Korean prison camp survivor Berlin (Squid Game’s Park Hae-soo), the silver-tongued confidence artist Nairobi (Jang Yoon-ju), the cheeky hacker Rio (Lee Hyun-woo), the father-and-son duo of grizzled digger Moscow (Lee Won-jong) and his devil-may-care street fighter son Denver (Kim Ji-hoon), and the meathead muscle tag team of Oslo (Lee Kyu-ho) and Helsinki (played by a different Kim Ji-hoon).

Each episode begins with a brief flashback about how these different characters came to be under the Professor’s wing. But the main point of interest is the heist, which begins early in the first episode.

The gang’s plan is to steal 4 trillion won from the mint, which they enter wearing uniform red jumpsuits and white Salvador Dali masks. Eight thieves take the mint workers and a group of touring students hostage, while the Professor watches from his base.

(From left) Lee Hyun-woo as Rio, Park Hae-soo as Berlin and Jeon Jong-seo as Tokyo in a still from Money Heist: Korea – Joint Economic Area. Photo: Jung Jaegu/Netflix

Police set up a joint investigation team to handle the heist, led by the former South Korea’s top negotiator Sun Woojin (Kim Yunjin), who is forced to assert her cool-headed authority over her trigger-happy former North Korean cohort.

Money Heist: Korea’s geopolitical twist may seem novel but, in truth, North and South Korean rapprochement has long been a popular subject for Korean filmmakers. The joint Korean investigation films Steel Rain and Confidential Assignment both spawned sequels, while others like The Spy Gone North have delved deeper into the subject.
The treatment here is largely superficial, a way to gussy up a plot that is already familiar to tens of millions of Netflix subscribers. Likewise, while the show touches on issues of economic and social disparity, they largely feel like window dressing compared to the full-throated social critiques offered by recent Korean drama series Squid Game, D.P. and Hellbound.
A still from Money Heist: Korea – Joint Economic Area. Photo: Jung Jaegu/Netflix

Still, such comparisons are somewhat beside the point – the purpose of Money Heist is to entertain rather than educate, and entertain it does with a story that hums along with all the thrills and twists required of a well-planned and inventively thwarted heist narrative.

The concept feeds on our love of outsiders and anti-establishment figures. Much like Robin Hood, this is a tale of (mostly) altruistic robbers that we can get behind. Tellingly, the main villain is the mint’s director, Jo Young-min (Parasite’s Park Myung-hoon), one of the hostages.

The brilliant criminal versus moral negotiator dynamic, which worked so well in films like The Negotiator and Inside Man, also gets a fun twist here.

Kim Ji-hoon as Denver in a still from Money Heist: Korea – Joint Economic Area. Photo: Jung Jaegu/Netflix

In between their many breathless moments, Money Heist: Korea’s opening episodes do have spells where not much happens, as the scriptwriters look for ways to keep all its characters active.

This isn’t always a problem, especially in the case of Park Hae-soo’s threatening Berlin and the conflicted Denver, who is played with gusto by Kim Ji-hoon. A 20-year veteran of the screen, this role will likely raise his profile – in fact, he’ll be seen again opposite Jeon Jong-seo in the upcoming Netflix film Ballerina, from The Call director Lee Chung-hyeon.

Part 1 of Money Heist: Korea doesn’t end on the most thrilling of notes. But with the conclusion to the daring heist still ahead of us, there’s plenty to look forward to when Netflix drops the second part of the show’s first season.

A still from Money Heist: Korea – Joint Economic Area. Photo: Jung Jaegu/Netflix

Money Heist: Korea – Joint Economic Area is streaming on Netflix.

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