Netflix has dated the third and final run of Squid Game for 27 June 2025, releasing a two-minute trailer during its Tudum fan event that brands the coming chapter “the last game” and ends with Gi-hun fixing the Front Man in a frozen stare across a brutalist arena. Creator Hwang Dong-hyuk wrote and filmed seasons two and three back-to-back, trimming the gap between drops and allowing post-production to focus on more elaborate sets and creature rigs, according to an earlier interview.
The new footage places Lee Jung-jae’s beleaguered Player 456 in hiding after a failed insurrection, haunted by the death of ally Jung-bae and pulled toward a fresh slate of children’s games that look even nastier than the original line-up. One sequence shows contestants scrambling across a gumball machine flooded with marbles the size of bowling balls, while a distant siren counts down to detonation.
Returning cast includes Lee Byung-hun as the masked ringleader, Wi Ha-joon as detective Jun-ho, and a roster of new hopefuls led by Im Si-wan, Kang Ha-neul and Park Gyu-young. Rapper-actor T.O.P and The Glory star Park Sung-hoon made surprise Tudum appearances to confirm their entry as veteran players, a move greeted with both excitement and online debate given their recent controversies.
Hwang told Entertainment Weekly that the climactic games “pull up the last dregs of human nature,” promising moral choices as punishing as the physical hazard. Industry analysts note the June slot positions the Korean thriller as Netflix’s marquee summer binge between the final seasons of Stranger Things and Bridgerton, extending the service’s strategy of event programming every quarter.
With filming wrapped and post work nearing completion, marketing has already spun up puzzles on the @SquidGame X account and QR codes in Seoul subway ads that unlock character dossiers, part of a year-long campaign designed to reignite the global frenzy that drew 111 million first-month viewers in 2021. Hwang, meanwhile, has reiterated that Gi-hun’s arc “finds its full stop here,” closing the series on the character’s terms rather than stretching the concept.