Skydance Television has partnered with CJ ENM, the studio behind this year’s Best Picture winnerParasite, and its subsidiary Studio Dragon, to develop a TV series based on the hit South Korean showHotel Del Luna.

Directed byOh Chung-hwanandKim Jung-hyun, and written byHong Jeong-eunandHong Mi-ran,Hotel Del Lunais a popular fantasy drama that aired last year in South Korea about an elite hotelier who stumbles upon a fateful event and becomes the manager of a mystical hotel that only caters to spirits at night.

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The new series will be reimagined for a global audience by writer-producerAlison Schapker(Altered Carbon), who will develop the show as part of her overall deal with Skydance Television. Schapker will executive produce alongsideMiky Lee,Jinnie Choi, andHyun Parkof CJ ENM/Studio Dragon, as well asDavid Ellison,Dana GoldbergandBill Bostof Skydance Television.

Hotel Del Lunais a priority for both Skydance and CJ’s Studio Dragon, who announced a strategic partnership earlier this year. Studio Dragon is the first Korean studio to partner with a U.S. production company in the development and production of scripted entertainment, and it recently established a U.S. branch.

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“At its core,Hotel Del Lunais a spectacular visual fantasy grounded in a story about the importance of human connection, lost loves and unfinished business,” said Bost, who serves as president of Skydance Television. “We are excited to be partnering with Alison and Studio Dragon to bring this timeless story to a global audience.”

“We are thrilled to have Alison lead the adaptation ofHotel Del Luna, hopefully our first of many co-development projects with Skydance,” said Hyun Park, the head of Studio Dragon’s Global Division. “We believeHotel Del Lunawill enhance the reputation of Korean storytelling around the world by showcasing the global appeal of our local stories.”

Schapker serves as showrunner for Skydance Television’sAltered Carbon, and she was previously a writer and co-executive producer on ABC’s hitScandal. She is well known for her work on ABC’s seriesAliasand FOX’s sci-fi seriesFringe. She has also worked on genre series such asCharmed,Lost,andAlmost Human.

Skydance Television’s current slate includes Netflix’s longest running seriesGrace and Frankie,as well asAltered Carbon,Condor, andJack Ryan, while its upcoming shows include Apple’sFoundationand Amazon’sJack Reacher.