Netflix has recently become a main source for Asian-produced content. From anime series that it’s licensed to the Korean film it’s acquired, paying customers have now found themselves looking to the streaming service as their go-to for overseas drama. Netflix will now need to make room for one more project: a Korean superhero movie.

Yeong Sang-ho, the director of the zombie hit Train to Busan, has a new film, Psychokinesis, which follows the story of a young father who tries to save his young daughter, who possesses psychic superpowers. Sang-ho’s follow-up film has been long-anticipated in South Korea, and the project will be viewable internationally thanks to the deal made between the South Korean company Next Entertainment World and Netflix.

Director Yeon Sang-ho Coming on the heels of the successful collaboration with Bong Joon-ho for Okja, this marks yet another giant acquisition for Netflix. It also recently...