Watch The Last Princess for Free: How to Stream the Movie Online at 123Movies. . Under the oppressive Japanese colonial rule, Deok-hye, the last Princess of the declining Joseon Dynasty, is forced to move to Japan. She spends her days missing home, while struggling to maintain dignity as a princess. After a series of failed tries, Deok-hye makes her final attempt to return home with help of her childhood sweetheart, Jang-han.