The film's key reveal is that the "joint investigation" is a double game. Chul-ryung's real mission and personal motives are hidden from the South Korean side. Jin-tae, in turn, has been told to keep watch on him and find out what he is really after. Both men start as instruments of their governments.
Cha Ki-sung is exposed as a cold-blooded killer whose crimes are tied to Chul-ryung's personal loss. That turns the manhunt into something deeply personal. As the danger reaches Jin-tae's own family, the South Korean detective has to choose between his orders and his partner, and he sides with Chul-ryung.
In the climax, the two men fight side by side against Cha Ki-sung and his defector gang. The ending confirms that their friendship has outgrown the political framework that brought them together, which set up the return of both heroes in the sequel.