Io Island - 1977 - 7/10
AKA - Iodo // 이어도

The steamship is ferrying capitalists and investors to Ieoda Island.
Fabled isle where drowned fisherman, claimed by the Water Demon, live in paradise.
The money-men plan to build a luxury hotel there, until one of the passengers disappears or is murdered.

Events and stories now migrate to nearby Chengu Island.
Fishermen and female divers. The women desire men for children, then try to persuade them to move to the mainland before being killed by the Water Demon.
Chengu is an island of lust, jealousy, superstition.
The narrative is a baffling jumble of flashbacks and backstories.
Despite that, the film is mesmerizing and a rich showcase of early Korean cinema.