The film's main source of tension is whose side Lee Jung-chool is really on. After being sent to infiltrate the resistance through Kim Woo-jin, he is himself targeted by the resistance, whose leader Jung Chae-san believes that even a spy has one homeland. From then on, each of his actions can be read two ways, and the film keeps his motives unclear until the final stretch.
The long train sequence, full of spies, is the turning point. Informants are exposed, loyalties are tested, and the resistance learns it has been betrayed from within. That brings home the brutal logic shown in the execution line, "In the name of the Independence Corps, we kill the enemy's spy."
In the end, Jung-chool's buried conscience wins out, and he chooses to help the independence cause. The line "Even if we fail, we must move forward" takes on new meaning in hindsight. The resistance's failures and sacrifices do not end the struggle, and Jung-chool's own path shows how one failed patriot can take the movement's next step forward. The early "sinking ship" line is shown to be self-deception rather than conviction.