Lazy preppie Palmer Woodrow hires street-smart Eddie Keaton to go to school for him while he lives it up in Europe. Eddie falls in love with preppie gal Tracey, upsetting Biff, the Hoover Academy bully. When his bookie from the old neighborhood, Dice, comes to collect on Eddie's gambling debts and Palmer returns early from Europe, the scheme slowly starts to unravel. Soon, Eddie can't even tell whose side he's really on.

A team from the United States is going to compete against Korea in a Tae Kwon Do tournament. The team consists of fighters from all over the country—can they overcome their rivalry and work together to win?

Jeff, a young delinquent, is enrolled by his father in a kenpo school, in the hopes of teaching the boy some self-discipline. Years later, Jeff's mentor, Kim, is being threatened by one of the Korean mafia families. Jeff tries to help his old friend, but is too late to prevent Kim's death at the hands of an unknown hitman. Vowing revenge, Jeff takes on all of the families, using his martial arts skills to find the man who killed his friend.