The third season of Squid Game begins with Seong Gi-hun and the remaining players continuing to fight for survival in increasingly deadly games. Gi-hun is approached by In-ho, who offers him a deal to kill the other players to secure his own safety and favor with the VIPs. Gi-hun debates this offer but ultimately refuses, recalling the memory of Kang Sae-byeok, which reminds him of his inherent goodness. Meanwhile, In-ho reflects on his past, remembering how he killed other players during the 2015 games under the orders of Oh Il-nam.

The next day, Gi-hun, Myung-gi, and the other finalists, including a baby, advance to the final game. No-eul returns to the island and confronts an Officer at gunpoint, demanding that he erase all digital records of Gyeong-seok's participation in the games. A violent fight breaks out, ending with No-eul killing the Officer and burning all remaining physical records of the players, including one of herself as a guard.

The final game, called "Sky Squid Game," involves players standing on three elevated platforms shaped like the traditional Squid Game symbols (square, triangle, circle). The objective is to push at least three opponents off the platforms through three rounds. In the first round, Min-su, who is hallucinating, is pushed off. In the second round, Myung-gi pushes Player 336 off and reveals that he is the biological father of the baby. Jeong-dae's group uses Player 039 as a sacrifice to gain an advantage, but Gi-hun kills Player 203 in self-defense. Myung-gi pushes Player 353 off, and despite Jeong-dae begging for mercy, Myung-gi pushes him off as well. Player 039 commits suicide by falling off, leaving only Gi-hun, Myung-gi, and the baby remaining on the platforms.

Off the island, Detective Jun-ho successfully rescues Gyeong-seok and kills the guards sent to capture him. However, Jun-ho discovers that his ally Captain Park is secretly working for the Front Man. A violent confrontation ensues on the boat, with Captain Park killing most of Jun-ho's men before Jun-ho kills the captain with a harpoon gun. Jun-ho continues his search and eventually finds Kyung-seok, who No-eul had sent off in a motorboat.

Back on the island, the final confrontation between Gi-hun and Myung-gi takes place on the last platform. Ki-hoon (Gi-hun) initially offers to sacrifice himself, but Myung-gi, driven by paranoia and greed, refuses to trust him. They engage in a violent struggle, and both fall off the platform. Gi-hun manages to grab hold of a bar and survive, while Myung-gi falls to his death. This leaves Gi-hun and the baby as the last survivors of the game.

Meanwhile, No-eul's backstory is revealed: she grew up in North Korea, became a soldier, killed her superior officer, and escaped to South Korea, leaving behind her newborn baby. She spends the season trying to save a man named Park Yong Suk, the father of a young girl she befriended while working at an amusement park, and searching for her lost daughter. Her journey is marked by tragedy and determination.

At the end of the season, Jun-ho is left with the baby and the prize money of 45.6 billion won (approximately 33.5 million USD). It is implied that Jun-ho will raise the baby using this money so they can live comfortably. His story appears to conclude here, though it remains uncertain whether he will continue pursuing his brother in search of answers.

Throughout the season, several characters meet tragic ends: Guem-ja hangs herself, Jun-hee steps off a cliff, and No-eul continues her search for her daughter. The season also features a failed rebellion and introduces new, more vicious games, with stakes higher than before. Gi-hun's moral struggle and decisions remain central to the narrative, even as other characters' storylines are wrapped up abruptly or left unresolved.

At the end of Squid Game Season 3 (2025), the final deadly game concludes with Seong Gi-hun and the remaining players facing brutal challenges on a swirling flower-patterned floor. Gi-hun survives, but many others perish. The Front Man's plans unfold, and a traitor among the players is revealed. The season closes with Gi-hun's fate uncertain, the games continuing in new forms, and hints that the deadly competition has spread internationally.

The ending of Squid Game Season 3 unfolds scene by scene as follows:

The climax takes place on a vividly patterned flower floor, where the remaining contestants engage in a ruthless final game. The atmosphere is tense and charged, with the pink-guarded arena starkly contrasting the bloodshed. The Red Light, Green Light doll Young-hee returns, now accompanied by a male doll named Cheol-su, symbolizing the ongoing mechanized cruelty of the games.

Seong Gi-hun, the protagonist, navigates the deadly challenges with a mix of desperation and determination. Throughout the game, alliances shift and betrayals surface, revealing a traitor within the group. The Front Man, played by Lee Byung-hun, orchestrates the events from behind the scenes, manipulating outcomes to his advantage.

Key players who survive the earlier rounds face off in a final confrontation. Some succumb to the lethal traps and violence, their fates sealed in the arena. Gi-hun manages to outlast most opponents but is left physically and emotionally scarred.

Meanwhile, In-ho, a significant character connected to the VIPs and the organization, makes critical moves outside the arena. He leaves a baby and the prize money to Jun-ho, who continues searching for the island where the games are held. In-ho also visits Gi-hun's daughter in Los Angeles, informing her of Gi-hun's presumed death and giving her his bloody Player 456 tracksuit and remaining winnings.

The season ends with a chilling revelation: an American recruiter is seen playing ddakji with a man, indicating that the deadly games have expanded beyond Korea and are now operating internationally.

The fates of main characters at the end are:

• Seong Gi-hun: Survives the final game but is left in a precarious state, with his future uncertain.
• Jun-ho: Continues his search for the island and the truth behind the games.
• In-ho: Acts as a facilitator for the VIPs and leaves behind key legacies, including the prize money and a baby.
• The Front Man: Remains a powerful figure controlling the games, plotting his next moves.
• Other players: Most perish during the final game, victims of the brutal competition.

The ending scene emphasizes the ongoing cycle of violence and the global spread of the games, leaving the story open for future developments or interpretations.

Yes, Squid Game Season 3, produced in 2025, includes a post-credits scene. This scene features Cate Blanchett as the new American recruiter, introducing the U.S. version of the Squid Game. It serves as a major twist and a setup for potential future developments in the franchise beyond the Korean series.

The post-credits scene follows the intense and emotional conclusion of Season 3, where the fate of key characters like Seong Gi-Hun and others is revealed. The scene hints at the expansion of the deadly games internationally, specifically in the United States, with Blanchett's character recruiting new players for the next iteration of the game.

Earlier teasers and promotional materials had also shown two giant mechanical dolls named Young-Hee and Chul-Su, which appeared in a brief post-credits scene at the end of Season 2, foreshadowing Season 3's deadly games. However, the Season 3 post-credits scene is distinct in introducing the American angle with the new recruiter.

In summary, the Season 3 post-credits scene is a pivotal moment that reveals the global spread of the Squid Game and introduces a new recruiter character played by Cate Blanchett, setting the stage for the U.S. version of the game.

The first game in Season 3 is a twisted version of Hide and Seek where players are divided into two teams: Team Red, armed with a knife and tasked with killing a player on the opposing team, and Team Blue, who must survive 30 minutes using keys to unlock doors and hide. This game results in several key deaths, including Player 456 killing Dae-ho in a grief-fueled rage, and Jun-hee giving birth to a baby girl during the game, marking a critical and emotional plot point early in the season.

Jun-ho continues his search for the island where the games are held, unaware of a traitor among them. By the end of the season, In-ho leaves the baby and the prize money to Jun-ho, indicating a significant development in his role and responsibilities. Jun-ho's brother Cheol reunites with their mother, and Jun-ho's fate is left somewhat open, with implications he may continue his search for answers.

In-ho welcomes the VIPs who oversee the games and is involved in the aftermath of the rebellion. He leaves the baby and the prize money to Jun-ho and visits Gi-hun's daughter in Los Angeles to inform her of Gi-hun's death, giving her his bloody Player 456 tracksuit and remaining winnings. In-ho's actions suggest he has a complex role connected to the VIPs and the game's administration.

The final round involves the remaining players navigating across three massive, tall stone towers. The game is brutally simple but deadly, testing the players' survival skills and endurance. The season ends with a hopeful but brutal conclusion where Gi-hun ultimately sides with humanity, sacrificing himself to save a baby, which is a pivotal moment in the story.

During the first game, Player 456 kills Dae-ho (Player 388) in a grief-fueled rage after Dae-ho fails to return with ammo during the rebellion. Myung-gi (333) murders Hyun-ju (120) despite having already passed the game. The Shaman (044) is killed by Min-su (125), and Yong-sik (007) is killed by his own mother Geum-ja (149) after he tries to kill Jun-hee (222). These deaths set a dark and intense tone for the season.

Squid Game Season 3 (2025) is rated TV-MA, indicating it is intended for mature audiences and is not family friendly for children or sensitive viewers. The show contains intense and graphic content consistent with the previous seasons.

Potentially objectionable or upsetting aspects include:

• Graphic violence and gore: The series features brutal survival games with explicit depictions of injury and death.
• Psychological intensity: Themes of despair, betrayal, and high-stakes life-or-death decisions create a tense and disturbing atmosphere.
• Dark and mature themes: The narrative explores dystopian survival, human cruelty, and moral dilemmas.
• Disturbing imagery: The presence of menacing dolls and ominous game settings may be unsettling.
• Strong language and adult situations: Mature dialogue and scenarios are present throughout.

These elements make the show unsuitable for children and potentially distressing for sensitive viewers, even without revealing specific plot details.

In Squid Game Season 3 (released June 27, 2025), In-ho does not get caught. Instead, he plays a complex role where he welcomes the VIPs to the games and ultimately leaves the baby and prize money to his brother Jun-ho. In-ho also visits Gi-hun's daughter in Los Angeles to inform her of Gi-hun's death and gives her his bloody Player 456 tracksuit and remaining winnings. After this, In-ho notices an American recruiter playing ddakji, revealing the games' existence in America, but there is no indication that In-ho himself is apprehended or caught by authorities during the season.

His brother Jun-ho continues searching for the island, unaware of a traitor in their midst, which implies In-ho's role as a traitor but without him being caught or arrested within the season's events.