Squid Game Season 3: All The Questions We Want Answered

South Korean survival thriller Squid Game Season 3 will premiere on Netflix on June 27 and anticipation is sky-high. Netflix viewing records are likely to be broken, like with Season 2’s debut.

Over the past two seasons (2021 and 2024), show creator Hwang Dong-hyuk has had viewers hooked, with relatable characters forced to make awful choices.

Seasons 1 and 2 started with several hundred debt-ridden people drugged, and then waking up on a secret island. They accepted a mysterious invitation to be there, without being told the full, brutal details.

On the island, they take part in children’s games, with losers suffering lethal consequences. Often, the games involve players making choices that cause the death of others – with the killings sometimes meted out by pink-garbed guards or soldiers. The lone survivor walks away with a life-changing cash prize.

A bleak critique of the dog-eat-dog system that rules most of the world, the game makes fathers choose to let others die so that their children can get medical treatment. It encourages the young and strong to abandon older, slower players to their fate.

The series started a stampede for South Korean content on streaming platforms such as Prime Video and Disney+, aimed mainly at Western and Asian audiences, many of whom have been converted by Squid Game to the practice of reading subtitles.

The show sparked global cosplay trends with green tracksuits that led to schools in New York in the US and Quebec in Canada banning the practice because of the series’ violent themes. The scenes with dalgona candy inspired many to make it for themselves, leading to burn injuries in Australia suffered by those inexperienced in handling melted sugar.

Squid Game 2 hit 68 million views globally on Netflix within 72 hours of its release on Dec 26, 2024. It broke the record for a series premiere set by the American comedy Wednesday (2022 to present), which drew 50.1 million views during its debut week in November 2022. Squid Game also reached the No. 1 spot on the most-viewed charts in 92 countries.

Hwang, in an interview with entertainment site IndieWire, had said that if he were to make a spin-off, it would not be set after Season 3.

“I would want to show what the characters did during the three-year gap between Seasons 1 and 2,” he said.

The series has helped alter global viewing patterns on Netflix. Since 2023, South Korean content has overtaken traditional sources Japan and the United Kingdom to claim second place in viewing hours, behind the leader, the US. Korean content now accounts for 9 per cent of total viewing hours on Netflix, behind US content’s 58 per cent.

The result is a windfall for production companies. Netflix intends to spend US$2.5 billion (S$3.2 billion) on original Korean shows from 2023 to 2027.

Squid Game might be ending in 2025 – but cheer up, because other must-watch shows will come in its wake, triggering more trends in candy and cosplay.

Squid Game Season 2 Recap

At the end of Season 2, the mutiny led by Player 456 Seong Gi-hun (Lee Jung-jae) had been crushed, at the cost of lives on both the players’ and soldiers’ sides.

The soldiers’ leader, the Front Man (Lee Byung-hun), had sneaked into the game as Player 001. He later executed Gi-hun’s best friend, the sweet-natured and loyal Park Jung-bae (Lee Seo-hwan), to make a point about the futility of trying to change the system.

Besides Jung-bae, characters killed in Season 2 include the vengeful bully Thanos (Choi Seung-hyun, also known as T.O.P.), stabbed by the former crypto YouTuber Lee Myung-gi (Im Si-wan) in a bathroom brawl.

Characters still alive and in the game include the protagonist Gi-hun, the former Squid Game winner who fought to get back into the contest to burn it down; Myung-gi, the crypto scammer; Kim Jun-hee (Jo Yu-ri), Myung-gi’s former girlfriend who is pregnant with his child; Kang Dae-ho (Kang Ha-neul), the principled former marine who joins the rebellion and is presumed to have been captured by the guards; Cho Hyun-ju (Park Sung-hoon), who joined the game to get money for gender-reassignment surgery; and Park Yong-sik (Yang Dong-geun) and his mother Jang Geum-ja (Kang Ae-shim). Yong-sik joined to get out of his gambling debts, while Geum-ja joined to help pay off his debts.

As hinted at in the Season 3 trailer, Park Gyeong-seok (Lee Jin-wook) is still alive. The theme park artist, who joined the games to earn money for his daughter’s cancer treatment, was shot by a guard during the revolt, but it appears that his wound was not fatal.

There are six episodes, which is plenty of time for the interrupted contests to resume, introducing games that are likely to pose even more horrific moral choices for the players.

The questions we want answered in Squid Game Season 3

What's the fate of rebel leader, Player 456 Seong Gi-hun?

In Season 2, Gi-hun annoyed fans, who found him less interesting because he became a one-note obsessive consumed with the desire to tear down the game. His faith in Player 001 – the Front Man in disguise – was also argued about, because he seemed to have learnt nothing from the previous games about trusting too much.

At the end of the season, Gi-hun was still unaware that Player 001 is a mole. Player 001, using the alias Oh Young-il, had joined the revolt so that he could subvert it.

In an interview with Variety magazine, Hwang said that at the start of Season 3, Gi-hun would have lost everything.

For joining the revolt out of a sense of loyalty to Gi-hun, his best friend Jung-bae was executed by the Front Man. This comes after other failures, such as Gi-hun’s attempts to persuade players to vote to leave the game, a campaign thwarted by their greed and desperation. Gi-hun has hit emotional rock bottom, said Hwang.

“Gi-hun will not be the man he was in Season 2. He will be at a critical crossroads,” he added.

The questions that fans want answered include: How have Gi-hun’s guilt and sense of failure affected his urge to destroy the game? Will he give up his mission because it has caused the deaths of so many for no gain? Or could a broken and disillusioned Gi-hun join the dark side?

What will happen to the relationship between Detective Hwang Jun-ho and his brother, the Front Man?

In Season 2, detective Hwang Jun-ho (Wi Ha-joon) and former winning contestant Gi-hun teamed up to look for the secret island where the games take place.

But the game organisers were always one step ahead. They foiled the plan by removing the tracking chip from Gi-hun’s tooth and booby-trapping decoy locations, killing one of Jun-ho’s mercenaries.

In the previous season, Jun-ho and his men were on board Captain Park’s (Oh Dal-su) boat, searching for the island. The skipper has Jun-ho’s trust. After all, he had plucked an injured Jun-ho from the sea after he was shot by his older brother, Hwang In-ho, the Front Man.

The brothers share a complicated history. Years ago, Jun-ho’s illness caused In-ho to make sacrifices so big that he had nothing left for himself and his wife when they later found themselves in trouble. Out of desperation, In-ho participated in the games, leading to him eventually becoming the masked overseer.

In the present day, the younger man is obsessed with finding his long-lost brother to offer him a way out, to ease his guilt at being the cause of In-ho’s pivot towards evil.

As it turns out, Jun-ho’s sea rescue was no happy accident – it had been planned by his brother.

In a show filled with character surprises, this was one of the biggest in Season 2: Captain Park is the Front Man’s secret ally. The boat operator rescued the detective, earned his trust and is monitoring – and sabotaging – Jun-ho.

In Season 3, fans will be looking forward to Jun-ho’s unmasking of the traitorous captain. There is also Jun-ho’s confrontation with In-ho and how it ties in with Gi-hun’s post-rebellion journey.

Gi-hun is a broken and defeated man, but Jun-ho’s entry into the story could make all the difference.

Kim Jun-hee’s baby - will Myung-gi finally shoulder his responsibilities as a Dad?

At the end of Season 2, the pregnant Jun-hee was still alive, along with Myung-gi, her former boyfriend and the father of her child.

Myung-gi was a YouTuber who promoted a cryptocurrency that turned out to be a scam, bankrupting him and many others.

He was forced to ghost Jun-hee, he claims, to protect her from angry investors. His protectiveness towards her in Season 2 indicates he might be telling the truth, or at least as much truth as he is capable of telling.

Fans will be curious to know if Season 3 will be the arc that redeems the blame-shifting dad-to-be, perhaps through an ultimate act of sacrifice to save Jun-hee and their unborn child. Or, he might shoulder his responsibilities as a father in scenes set after the birth.

In an interview with Entertainment Weekly, show creator Hwang teases the idea – one that is reinforced in a Season 3 trailer with the sound of a baby crying – that the newborn will be more important to the story than anyone imagines.

He said: “You have heard the baby crying in the trailer. The baby plays a very important role in Season 3, not just for Jun-hee, but also for the fate of everyone inside.”

Will defector Kang No-eul become Gi-hun's ally? And will she see her child again...?

No character in Season 2 underwent as many transformations as No-eul (Park Gyu-young). She was, at first, a theme-park mascot actor who lived in her car. Then it emerged that the tight-lipped woman was a North Korean defector who left her infant child when she escaped to the South. After she got a Squid Game invitation card, viewers assumed she would be a participant, up to the point when she donned the pink uniform worn by enforcers of the games’ brutal rules.

She needs money to look for her daughter, but she has a conscience, opting to mercy-kill injured contestants instead of letting them be taken away for organ harvesting.

Among the game participants, No-eul recognised fellow theme park co-worker Gyeong-seok, an artist who paints portraits for guests. She knew he was risking his life for his daughter’s cancer treatment, and that caused her more emotional turmoil. Viewers last saw her as part of the armed force putting down Gi-hun’s mutiny.

For Season 3, some are speculating that her story arc will cross with that of Gi-hun, making her his ally, perhaps to sabotage the Front Man’s plans from within.

She escaped tyranny in the North, only to be crushed under it again in the capitalist South, and her stoic reserve could finally crack under the pressure.

Will she survive long enough to see her child again, or will she put Gyeong-seok and his daughter ahead of her own needs?

Squid Game 3 premieres on Netflix on June 27.

A version of this article was originally published on The Straits Times. Additional text: Michelle Lee