Zhun, a South Korean music producer for the track Golden, told the BBC that he, too, is hoping to build on the success of the first film.
“I want to continue the high energy that we brought to the first film,” he said through a translator.
He added that he hopes to build on combining the music with the “visual elements in the film [that] gave us so much energy”.
Netflix did not provide any further details about the sequel. The original film took seven years from its initial pitch to its release.
The film has become a cultural phenomenon since its release last summer – a rare K-pop-related production to break into mainstream Western markets like the US.
While primarily in English, the American production incorporates Asian iconography, food and some Korean language to showcase its South Korean roots.
KPop Demon Hunters has become a critical and awards powerhouse, winning best animated motion picture and best original song at the Golden Globes.
It is in the running for Best Animated Feature at the Oscars, against films such as Disney’s Zootopia 2 and Elio.
In January, Netflix said KPop Demon Hunters had broken the platform’s records with more than 480 million views over half a year.
Golden, the animation’s most popular track, went up to number one on the Billboard Hot 100.