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The Men In Black director is currently looking for a major studio to develop and release the English-language project.
Scandal Makers tells the story of a pop musician whose life is turned upside down when he finds out that he has a daughter and grandson, according to Variety.
"I was immediately attracted to Scandal Makers because of its universal themes," said Sonnenfeld. "It is funny, intelligent and full of heart."
The original film topped the South Korean 2008 box office chart, taking $36 million.
Sonnenfeld's credits include The Addams Family, Wild Wild West and Pushing Daisies.
More: Barry Sonnenfeld, Movies
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