When he was 6, my younger brother got a black and white video camera for Christmas. He spent a lot of time filming a lot of rubbish black and white videos. Korol Lir is structured to begin with, but then it ends up being fairly similar to one of these black and white videos. At least my brother's videos were in English though - but then, I guess I wouldn't have stayed awake through most of this film if I didn't have to read the subtitles.
Do not bother seeing this film. You can achieve an equally entertaining experience by locking yourself in a darkened room for two hours and staring at the walls. And you could do that for free!