The remake of the 2010 South Korean psychological thriller/horror film "I Saw The Devil" for Western audiences will push through, one of the producers of motion picture production Snoot Entertainment said on Tuesday.

In his Twitter account, film producer Keith Calder confirmed that Snoot Entertainment is producing the remake of one of the most hardcore and violent films that came out of South Korea in recent years and is now "in the early stages of development."

He said the company has been in the works for some time now.

"It's all true. We're all obsessed with the original film," twitted Keith, who is also the founder of Snoot Entertainment.

"I have long held the theory that remakes don't have to suck. I am excited about the opportunity to put that theory to the test," he added.

Aside from Keith and Jessica Calder of Snoot Entertainment, it was reported that producers Adi Shankar and Spencer Silna are also on board.

Shankar, who is responsible for the films "Dredd," "Lone Survivor," "The Grey," and "Killing Them Softly," said he is so excited for the movie.

"There are fans of 'I Saw the Devil' and Korean cinema. They are such big fans of Korean cinema that they even went to Korea to try to make a movie there. Who does that?" he said in a video that was posted on YouTube about the remake of the film.

Reports said it was Adam Wingard and Simon Barrett that previously collaborated on "A Horrible Way to Die," "V/H/S" and "You're Next" who will direct and write the English-Language version of the Korean revenge thriller.

The remake of the "I Saw the Devil" was first announced in December last year.

The original "I Saw the Devil" is about the bloody revenge of an elite special agent whose pregnant fiancé is murdered by a psychopath who kills for pleasure.

When the special agent discovers what happened, he becomes obsessed in finding the evil madman and in the process he transcends to become a monster that repeatedly captures, tortures, and releases the serial killer over and over again.

The film, which starred "Oldboy's" Choi Min-sik as the serial killer and "G.I. Joe's" Lee Byung-hun as the special agent, has received generally positive reviews.

Directed by Kim Jee-Woon, it was a bone-chilling and heart-pounding film that did not waste a frame of its more than two hours running time.

"I Saw the Devil" was also included in the movie lineup for the 2011 Sundance Film Festival.