(Read The Breaker before moving on to this) - 129 Chapters as of writing.
*TL;DR versions underneath the long ones :P

After I finished The Breaker in about a week and loving it I moved onto New Waves with a hopeful expectation it would live up to the original story. For me, it's done more than that.

Story - 10

The story carries on directly from The Breaker, with Shi-Woon losing his Ki Centre (allowing him to control the flow of his Ki, allowing him to use Murim-esque abilities).

After Goomoonryong's departure Shioon is trying to adjust to a normal life once more, although due to him being the infamous disciple of Goomoonryong he is targeted by vengeful Murim members and as the holder of the Phoenix Medallion (Given by Sosul) Shioon still holds major ties to the Sun-Woo clan, meaning avoidance becomes increasingly impossible.

Aside from Murim-in's there is now a new major group - Soldiers Under Command, its members follow Goomoonryong as he if were god and are intent on starting a new world by his command, the information revealed about this organisation is really scarce which really increases the anticipation for even slight revelations.

TL;DR- It picks up where it left off. Shioon is trying to live a normal life once more but he can't as Murim-in's target him and the Sunwoo clan respect him due to Sosul giving him the Phoenix Medallion. Also a new group called Soldiers on Command - Stating they follow Goomoonryong appear and become the main antagonistic group (so far) in this manwha.

Art - 10

I really, really love The Breakers artwork. In other manga/manhwa sometimes I have trouble seeing what's happening in fight scenes, or getting confused on which supporting character is which (E.g. Witch Hunter). But I've never had any problems when reading this, the fight scenes are clear on whats happening and the characters all have really unique looks which helps express their personalities too!

TL;DR: Really good, characters easily defined by their unique aesthetics and great design.

Character - 10

I think this is where New Waves excels over The Breaker. Any thoughts of the negative effects of Goomoonryong or Shi-Ho were quickly dispelled for me. And minor characters/organisations (E.g. Sun-Woo, S.U.C) now take a much larger role, with many, mainly younger (hence the title New Wave) characters being introduced as main characters. Interaction feels much more informal with Shioon too as they are younger, rather than older characters who usually treat Shioon like a child which is pretty refereshing. The doubt over whether or not Goomoonryong is a antagonist really builds the anticipation for when (I'm assuming) Shioon finally meets him once more.

As the new characters aren't Goomoonryong it gives a better sense of the power ranking too
(Goomoonryong just destroys everyone pretty much in The Breaker).

TL;DR- Loss of Goomoonryong and Shi-Ho aren't too big due to the amount of new characters who appear in New Waves. As they are mostly younger it gives more time to show a more natural side of Shioon rather than the formal rapport between him and Goomoonryong.

Conclusion - This Manhwa is fantastic, even better than the original. If you've read the first and enjoyed it then you truly need to add this to your collection too, this was more than a cut above everything else I've read so far. 10/10

TL;DR - Read this.