Netflix’s global sensation Squid Game is officially returning on June 27, and fans were treated to a flurry of reveals at a packed production conference held at Dragon City, Yongsan-gu, Seoul.
At the center of the excitement was director Hwang Dong-hyuk, joined by a powerhouse cast that includes returning leads:
- Lee Byung-hun as the enigmatic Frontman
- Lee Jung-jae as the now-iconic Seong Gi-hun
They were joined by several new and familiar faces, including Wi Ha-joon, Im Si-wan, Kang Ha-neul, Park Gyu-young, and Lee Jin-wook—hinting at high-stakes drama and unexpected twists in what’s expected to be the show’s final season.
From subtle nods to new plot directions to behind-the-scenes anecdotes, the event hinted that Season 3 won’t just revisit the game—it may flip the rules altogether.
What is Squid Game Season 3 Is About?

Focuses on Seong Gi-hun’s inner conflict after the death of his best friend Jung-bae during the rebellion at the end of Season 2.
Gi-hun hits rock bottom but attempts to climb back up, driven by guilt and a desire to make things right.
The narrative emphasizes a clash of ideologies between Gi-hun and the Frontman (Lee Byung-hun), highlighting a deep psychological and philosophical battle.
Director’s Vision:
Director Hwang said Season 3 centers around a “question” rather than an answer:
“Can humanity create a better, more sustainable world for future generations in a decaying capitalist society driven by endless desire?”
He addressed criticism of Season 2 by assuring that:
Season 3 was written and produced simultaneously with Season 2.
While they couldn’t adjust S3 based on S2’s feedback, Season 3 will resolve most of the loose threads and “regrets” fans may have felt.
What’s Confirmed:
- Season 3 will be the final chapter of the main story.
- There are no current plans for a Season 4.
- However, spin-offs are possible:
- Hwang hinted that some character arcs left him curious, and future spin-off stories are not off the table.
Release Date: June 27, 2025 on Netflix
Cast & Characters (partial):
- Lee Jung-jae – Seong Gi-hun
- Lee Byung-hun – Frontman
- Im Si-wan
- Kang Ha-neul
- Wi Ha-joon
- Park Gyu-young
- Lee Jin-wook
- Park Sung-hoon
- Yang Dong-geun
- Kang Ae-sim
- Jo Yu-ri
- Chae Kook-hee
- Lee Da-wit
- Noh Jae-won
Final Words from Director Hwang:
“I’ve done my best. Please support us until the end.”
Story Predictions for Squid Game Season 3
1. Gi-hun’s Redemption or Fall?
- Seong Gi-hun (Lee Jung-jae) is the emotional center of the show. Season 3 will likely follow him attempting to expose or destroy the Game from within.
- But Hwang hinted at “despair” and “falling to the bottom,” so it’s possible Gi-hun will:
- Lose everything again or
- Sacrifice himself to stop the games permanently.
2. The Final Showdown with the Frontman
The ideological war between Gi-hun and the Frontman (Lee Byung-hun) will be central.
Prediction:
- The Frontman may have doubts about the Game due to guilt over his brother (Detective Jun-ho).
- There could be a twist where he joins Gi-hun to take it down—or they destroy each other.
3. Return of Wi Ha-joon’s Character (Detective Jun-ho)
- Wi Ha-joon is back, despite being presumed dead in Season 1.
- Likely scenario: Jun-ho survived the gunshot and returns either as an infiltrator or someone helping Gi-hun externally.
- Could be the one to expose the Game publicly.
4. New Players & Psychological Warfare
With new cast members like Im Si-wan, Kang Ha-neul, Park Gyu-young, and Lee Jin-wook, expect:
- More emotionally complex characters
- New personal rivalries and betrayals inside the game
- Possibly a new “VIP” character who is actually a former winner or someone connected to Gi-hun’s past
5. Global Expansion of the Game?
Season 2 hinted the Games were international.
Prediction:
- Season 3 may show how the Korean version is just one branch, and Gi-hun’s actions could start a ripple effect in other countries.
- There may be mention or appearance of Games from other nations or global VIP figures.
Final Squid Game Season 3 Prediction:
The series will end on a bittersweet note—with the Game exposed or disrupted, but not fully eradicated.
Gi-hun’s actions will inspire resistance, but the system might survive in a new form—leaving room for future exploration through spin-offs.
What are your theories for Squid Game 3? Let me know below or share this with a fellow fan.