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…
A country bumpkin arrives to help his brother's rice business. Things get out of hand while a rival company becomes corrupt. The bumpkin, an ace martial artist, fights off the rivals. Angered, the rivals hire a martial arts expert to fight the hero, only to get beaten up himself. The expert send his teacher to hurt the hero and succeeds. The hero is sent to a temple where he learns a new style of kung fu. Now with the skills, our hero is ready to get even.
O malvado Silver Fox está de volta agora procurando uma mensagem secreta que foi colocada em um jovem que foi supostamente morto com seu pai pelos bandidos de Silver Fox. Anos depois, o jovem retorna para vingar a morte de seu pai enfrentando o violento Raposa de Prata.