Movies
The 2006 original followed an oddball family on the run from a monster that emerged from Seoul's Han River. It grossed more than $60 million worldwide and was picked up for a US remake.
Ning Hao will write and direct the sequel, which is scheduled to begin shooting next year for a late 2009 release.
Producer Choi Yong-bae said: "Chinese film markets are driven by blockbusters with themes of epic drama and martial arts. It's time to provide more varied types of commercial films."
Movie Reviews
'Extremely Loud & Incredibly Close' reviewTom Hanks features in a long and winding journey through New York after 9/11
At the Movies
David Lynch: 10 reasons to worship himIt's time to celebrate director David Lynch as the BFI screens a season of his films.
Movies Interviews
Max von Sydow 'Extremely Loud' interviewActing legend Max von Sydow on Extremely Loud & Incredibly Close, The Exorcist and Flash Gordon.
Box Office Charts
'The Woman in Black' wins UK box officeThe Woman in Black beats The Muppets and Star Wars at the the UK box office.
