In 1930s Manchuria, an encounter on a train triggers an epic crusade for a treasure map, prompting a marathon chase in hot pursuit of the loot. Do-won, "The Good", is a bounty hunter, out to track down Chang-yee, "The Bad", a charismatic hit man attempting to steal the map from a military official. However, the ruthless Tae-goo puts a hitch in both their plans when he secures the map for himself.

Tricked into visiting the underwater kingdom where the Dragon King of the East Sea wants his liver, a clever rabbit uses his wits to escape.

When a man agrees to rescue a tiger from a deep pit, he exacts a promise that the starving beast will not eat him. On gaining his freedom, however, the tiger is overwhelmed by hunger and forgets to be grateful. The man protests and the two of them ask a pine tree, an ox, and finally a rabbit to decide who is right.