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Although they don’t really nail down a source for the information, Korean rumor site is reporting that Byung-Hun Lee is slated to have a much larger role in upcoming G.I. Joe sequels, according to their sources at Paramount.
Somewhat buried within the article as well, it’s reported that  “…Filming for the sequel is scheduled to begin in August with a pending 2012 release.”
Again, no reports about where the source of this information is coming from, but it certainly looks like things are moving full steam ahead.