Acclaimed South Korean film director Park Chan-wook is wielding a new cinematic tool: the iPhone. Park, director of the internationally known "Old Boy," ''Lady Vengeance" and "Thirst," said Monday that his new fantasy-horror film Paranmanjang was shot entirely on Apple Inc.'s iconic smartphone! I love the idea of a A-list director attempting something of this magnitude. More details on the side project can be found inside.

"The new technology creates strange effects because it is new and because it is a medium the audience is used to," Park told reporters Monday.

"Paranmanjang," which means a "life full of ups and downs" in Korean, is about a man transcending his current and former lives. He catches a woman while fishing in a river in the middle of the night. They both end up entangled in the line and he thinks she is dead.

Suddenly, though, she wakes up, strangles him and he passes out. When the woman awakens him, she is wearing his clothing and he hers. She cries and calls him "father."

The movie, made on a budget of 150 million won ($133,000), was shot using the iPhone 4 and is slated to open in South Korean theaters on Jan. 27. Park made the 30-minute film with his younger brother Park Chan-kyong, also a director.

Park Chan-wook's "Old Boy," a blood-soaked thriller about a man out for revenge after years of inexplicable imprisonment, took second place at the 2004 Cannes Film Festival. His vampire romance "Thirst" shared the third-place award at Cannes in 2009.

Park Chan-kyong said that a wide variety of angles and edits were possible because numerous cameras could be used.

"There are some good points of making a movie with the iPhone as there are many people around the world who like to play and have fun with them," Park Chan-wook said. Compared to other movie cameras, the iPhone was good "because it is light and small and because anyone can use it," he said.

He said the directors attached lenses to their phones and nothing was particularly different from shooting a regular movie.

Lee Jung-hyun, who plays the woman, said the film has a bit of everything.

Though it is a short film with a running time around 30 minutes it "mixes all elements from horror and fantasy to some humor," she said.

The movie is already complete and hitting Korean theaters for a brief run later this month.

And when we say that 'Paranmanjang' was shot entirely on an iPhone 4, we mean that 'Paranmanjang' was shot entirely on an iPhone 4. According to Park, who spoke to the Korean press following a screening of the film, "From hunting for a film location, shooting auditions, to doing a documentary on the filming process, everything was shot with the iPhone 4. We went through all the same film-making processes except that the camera was small."

'Paranmanjang' appears to be something of a fable, a characteristically droll and lightly horrifying tale of a fisherman who catches the body of a dead woman. The fisherman faints, and when he comes to he's wearing the white clothes of the woman who was entangled in his line. At that point the film's perspective flips to that of the woman, and the short "Becomes a tale of life and death from a traditional Korean point of view."