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Squid Game 2 ending explained: The brutal murder and what to expect from Season 3

Squid Game 2 ending explained: Season 2 of Hwang Dong-hyuk's Squid Game ended on a cliffhanger. Here's a simple breakdown of its climax.

Squid Game 2 ending explainedNetflix show Squid Game Season 2's ending explained .

Squid Game has created its own cult following over the past few years. After a successful season 1, the makers released the second part on Netflix on December 26, 2024. After living with curiosity for three years, fans finally entered the world of Squid Game with Lee Jung-Jae reprising his role as Seong Gi-hun. While some fans are praising the cliffhanger ending, others are disappointed and furious, calling it a waste of time. Here’s a simple breakdown of the climax of Squid Game Season 2:

*SPOILER ALERT*

Squid Game creator, director, and writer Hwang Dong-hyuk really knows how to play with people’s minds. The highly-anticipated show takes a three-year leap. Gi-hun has assigned a gang to find the recruiter, but things take a turn, and he finds himself back in Squid Game. He soon realises that his plan failed and the Front Man has always been ahead of him. He gets trapped into playing the deadly game once again, where he meets more companions, one of whom is the main man himself. Towards the end, we witness a tragic death, and it unfolds into a major cliffhanger. Meanwhile, Jun-ho (Wi Ha-joon), the police officer, is busy finding the Island where his brother is running the show. When they join forces, there is finally a breakthrough, and now Gi-hun must go back into the game to stop it once and for all.

ALSO READ | Squid Game season 2 review: Netflix’s biggest series returns, filled with twists but not as fast-paced as season one

Squid Game 2 Ending Explained

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In the last episode of Squid Game season 2, we see a group of contestants, including Myung-gi (Player 333), Dae-ho (Player 388), Gyeong-seok (Player 246), Hyun-ju (Player 120), Yong-sik (Player 007), Geum-ja (Player 149), Jung-bae (Player 390), and Jun-hee (Player 222), team up with Seong Gi-hun to fight against the main boss of the murky game. They are even successful in snatching the weapons from a few soldiers. We also learn that Hwang Jun-ho’s crew had a traitor, the friendly fisherman. The ending of season 2 reveals Captain Park was the reason they could not locate Gi-hun.

Meanwhile, the young navy seal Dae Ho (Kang Ha Neul) freaks out while bringing more ammo for the team to fight the guards and ends up hiding. This results in all of them running out of bullets and being captured by The Front Man. Moreover, little did they know that Player 001 is the Front Man himself. After fooling them and killing some team members, the Front Man takes control, eventually zeroing in on Seong and his best friend.

Player 001 comes back in his mask and uniform as Seong reaches the control room with his friend. He kills the best friend in front of his eyes and not Seong, creating many burning questions about the future of the franchise. He says, “Player 456, did you have fun playing the hero? Look at the consequences of your little hero game.” Netflix’s Squid Game Season 2 ends with an injured Gi-hun crying on the floor next to his dead friend. It’s pretty clear that this will directly bring us to Season 3, which was shot at the same time as the sophomore season.

Talking about Season 3 of Squid Game, Hwang Dong-hyuk told Variety, “At this point, anything I might say is going to be a spoiler, so I want to be cautious. But what I can say is, after Season 2 launches, I believe we will be announcing the launch date for Season 3 soon. I probably expect that to launch around summer or fall next year. But as for the storyline of the third season, Gi-hun having lost everything, including his best friend, and all of his attempts going to failure, it’s now, what is he going to be like? What state is Gi-hun going to be in? And what will he choose to do? Will he continue on with the mission? Is he going to give up or persist? And so you’re going to meet our character Gi-hun at a very critical crossroads as we begin the third season. Gi-hun will not be the man he was in Season 2.”

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Here are some Twitter fan reactions on season 2’s ending:

Also Read | Hwang Dong-hyuk on killing off his Squid Game characters: ‘I was always smiling inside’

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All seasons of Squid Game are currently streaming on Netflix.

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ED arrests Biswal Tradelink's MD in fake bank guarantee case, to confront him with Anil Ambani
ED arrests Biswal Tradelink’s MD in fake bank guarantee case, to confront him with Anil Ambani
54 min ago

The Enforcement Directorate (ED) has arrested Partha Sarathi Biswal, managing director of Biswal Tradelink Private Limited (BTPL), in connection with an alleged fake bank guarantee case. “A probe has revealed that BTPL fraudulently arranged and submitted fake bank guarantees of Rs 68.2 crore along with forged State Bank of India (SBI) endorsements and fabricated confirmations for a Solar Energy Corporation of India (SECI) tender. For providing this bank guarantee, BTPL received Rs 5.40 crore from Reliance Power Limited,” an official said. Seven days after searching multiple locations in Mumbai linked to Anil Ambani, the ED has summoned the industrialist on August 5 to join the investigation into a money laundering case linked to a multi-crore bank loan fraud involving companies of the Reliance Anil Dhirubhai Ambani Group. The ED has also issued a lookout circular (LOC) to prevent him from travelling abroad. BTPL was one of the companies where the ED recently conducted searches. Biswal's arrest was made on August 1 and he was produced before a Delhi Court, which sent him to their custody till August 6. "We are planning to confront him with Anil Ambani during questioning and will try to verify some facts," an official said. The ED has initiated its investigation against BTPL based on an FIR registered by the Economic Offences Wing (EOW), Delhi Police, against the firm, its directors and others, for allegedly providing a fake bank guarantee which was submitted to SECI. “During the investigation, the ED has collected several pieces of evidence and they confirmed the use of fake documents in the name of certain banks and fake email IDs in the name of SBI. Probe has also revealed that BTPL, a small company incorporated in 2019, maintained multiple undisclosed bank accounts and carried out transactions disproportionate to its declared turnover. Many violations of the Companies Act are found, and no statutory records are found at registered addresses, such as books of accounts, shareholders’ registers, etc,” the official said. The probe also revealed that dummy directors were used solely to sign documents, and found at least seven undisclosed bank accounts of the company. “Proceeds of crime, of crores of rupees, have been traced to these accounts,” the official added. A spokesperson for Reliance Power said the ED case related to a bank guarantee. “The company and its subsidiaries acted bona fide and have been a victim of fraud, forgery and a conspiracy. The company has made due disclosure on this to the stock exchanges on November 7, 2024. A criminal complaint in this regard has already been lodged with the Economic Offence Wing of Delhi Police against the third party on October 16, 2024. The due process of law will follow," said the spokesperson.

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