Paper cuts are the worst. In “No Other Choice,” a new comic thriller from the South Korean filmmaker Park Chan-wook, You Man-su (Lee Byung-hun), a longtime employee at a pulp manufacturer called Solar Paper, is one of many unceremoniously laid off after Americans take over the company. Months later, with his job search going nowhere, Man-su and his wife, Lee Mi-ri (Son Ye-jin), are forced to economize. Mi-ri finds part-time work at a dentist’s office. Their dogs are sent to live with her parents. Furniture is put up for sale, Netflix is cancelled, and their children’s future hangs in the balance. When the family’s beloved house goes on the market, Man-su snaps. This can’t go on. Something must be done.

Judging by the cinema of the downsized, a subgenre as global in its reach as unemployment itself, the possibilities of that “something” are endless. Unlike the shifty protagonists of Laurent Cantet’s “Time Out” (2002) and Kiyoshi Kurosawa’s “Tokyo Sonata” (2009), Man-su, at least, does not try to hide his termination from his loved ones. Will he patiently keep seeking out jobs, like the Finnish tram driver cut loose in Aki Kaurismäki’s “Drifting Clouds” (1998)? Or will he vent his fury, like the sacked defense worker in Joel Schumacher’s “Falling Down” (1993), who embarks on a brutal rampage through the streets of Los Angeles? This being a movie directed by Park, best known for the extravagant revenge thriller “Oldboy” (2005), it’s no spoiler to reveal that Man-su does not choose peace. He plots to murder a rival, Choi Sun-chul (Park Hee-soon), in hopes of replacing him as line manager at another paper company.

But getting rid of Sun-chul will not be enough. Man-su, wanting an accurate sense of his competition, invents a fake job opportunity and puts out a call for applicants. From the résumés that pour in, he deduces that there are two other highly qualified, recently laid-off paper experts, Gu Bum-mo (Lee Sung-min) and Go Si-jo (Cha Seung-won), who are likelier to be hired for Sun-chul’s position than he is, and who must therefore be eliminated first. Man-su tells himself he has “no other choice,” a phrase that reverberates through the film like a bad mantra: it’s what Solar’s new American overlords say when they kick him to the curb, and it’s also Man-su’s excuse for not trying his hand at another profession. “Paper has fed me for twenty-five years,” he declares. His fellow industry clingers-on feel a similar loyalty—and, with their sudden terminations, a similar betrayal. “No Other Choice,” a blackly comic tale of a breadwinner’s dilemma, is also about a crisis of masculinity: some men will kill to avoid learning another skill set.

Park’s film is the second adaptation of Donald E. Westlake’s satirical crime novel “” (1997), which set its paper-industry murder spree somewhere in the Connecticut area. The first, also titled “The Ax” (2005), was set in France and Belgium and directed, engrossingly, by Costa-Gavras, to whom Park dedicated his own version. Clearly, Westlake’s tale can be productively transplanted to any place that knows the sting of corporate mergers and restructurings. With “No Other Choice,” Park and his co-writers—Lee Kyoung-mi, Don McKellar, and Jahye Lee—have repotted the story in Korean soil, which proves remarkably fertile ground. (You’ll forgive the botanical metaphors: Man-su tends plants as a hobby, with a greenhouse and a garden plot that prove convenient for the disposal of bodies.) Park, ever a fan of pulp fiction, both maintains and updates the story’s paper-industry focus. The effects of increased automation and sustainability-minded practices are duly acknowledged, but so is the ubiquity of paper, which has too many uses—lottery tickets, ice-cream-cone sleeves, and cigarette filters, for starters—to be made obsolete by the digital revolution alone.