In the last years of Koryo, there lived a family of hunters deep in the forest. Chang-su is head of the family. He lives with his brothers Man-su and Jong-su, who are past the age of marriage, his wife Sam-ok, his son Bok, and his daughter Sun-ie. When the three brothers go hunting, Mt. Baek-rang bandits kidnap Sam-ok and carry her away. The bandits demand the skin of thousand-year-old wolf living in Mt. Baek-rang in exchange for Sam-ok. Chang-su catches the thousand-year-old wolf and gives it to the bandits. But the moment Chang-su and Sam-ok are reunited, Chang-su mistakes her for the wolf and kills her accidentally. Chang-su and his brothers fall into despair. Man-su coincidentally meets Jin-jin, the granddaughter of Old Man Hwang and they get married. However, Jin-jin is actually a female wolf who has come for revenge. She kills Man-su and Jong-su. As she approaches Sun-ie, she shoots an arrow and…
In the northern Manchuria, Yun, a Korean is troubled by his son Ji-ryong's relationship with Geum-hwa, a Chinese maiden. His servant Il-chun and his wife gets Ji-ryong sent to Korea and they kill Geum-hwa. Then they frame Yun for the murder and blackmail. Ji-ryong comes back from Kaeseong to investigate Geum-hwa's death and her friend Yeon-chu helps him. But Il-chun and his wife are after Yoon and his fortune and they'll stop at nothing to get it. Yun and Ji-ryong's lives are in danger but at the last minute, Yeon-chu shows up and gets rid of Il-chun and his wife and Ji-ryong avenges Geum-hwa's death.
Han Wu-song, an antique collector, gets killed while appraising a bronze horse rider statue which trader Wang Dae-in has stolen from a tomb. Dae-in dies on the scene and Wu-song leaves the killer's name on the cave wall before he dies. Dae-in's son Wang Gak thinks Wu-Song killed his father and fights with his son Jung-pa. Trader Kwan and her daughter Mi-ryung stop the fight. Jung-pa and Mi-ryung's love is disturbed by Ju-yang. Gak and Jung-pa chase him to find Wu-song's body with Ju-yang's name on the wall but Mi-ryung appeals them not to kill...
