Made by former Pixar talent, the animation project featuring green aliens is written by Joe Stillman (Shrek 1, 2, 3).
Chris H. Lee, vice president of acquisitions at Showbox signed the deal with Fred Headman, vice president of sales at Handmade.
Showbox can take advantage in marketing the film as Korea's first astronaut is due to go to space in April 2008.
Planet One has a target US release date for the end of 2008 and a day-and-date release in Korea. 'The film is a perfect winter vacation movie for Showbox,' says Lee.
Stopping Power, the upcoming Jan de Bont (Speed, Tomb Raider 2) film, features John Cusack maneuvering through a high-speed car chase on the autobahn.
With a slew of other Korean bidders chasing the film, Lee closed the deal with Ruzanna Kegeyan, vice president of sales at IM Global.