|Release Date||August 6, 2011|
|Cover|| Jin-Ie Kwon|
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Chapter 38 is the 38th chapter of The Breaker New Waves series.
Sera teaches Shi-Woon about the history of Murim. Shi-Woon begins to think about his former master. Meanwhile Hyun Won-Jae receives request from Seung Jae Bae who offers him a special package of blood in return for him to allow him to use his research facility's to save a woman whom Won-Jae still loves.