A Folk Song of the Mill

Wonyong and Yeonsil are in love with each other. The gangster Gyeong-seon also has a crush on Yeon-sil, but one day, a fight breaks out between Won-yong and Gyeong-seon. When Won-yong is in danger, Yeon-sil blocks his body and gets hit by a knife. She walks down the snowy hill, weeping as she embraces the body of Yeon-sil.

Na Woon-gyu plays the role of Nicolai Park, a veteran of the Russian army, who has returned to Korea from European battlefields. Broke, hungry, and unable to find employment, he is taken in as a boarder by Kim Chang-ho. Chang-ho's friend, Cha-duk becomes romantically involved with Hae-ok, who had sold herself to support her parents. Cha-duk's wife, Yeong-ja becomes involved with Nicolai, who rejects her proposal to run away with him. The romantic complications spiral until Yeong-ja kills Cha-duk. The film ends with Nicolai departing for destinations unknown while the other boarders bid him farewell.