Squid Game Season 3 Trailer Premieres at Tudum: Watch

Squid Game is back for one final play.

On Saturday, May 31, Netflix released the official trailer for the highly anticipated third and final season of the Korean thriller series at Tudum’s 2025 live event.

Lee Jung-jae and Lee Byung-hun as well as a few of their Squid Game co-stars were in attendance to present the new trailer to the audience.

According to a synopsis, season 3 will follow “a failed rebellion, the death of a friend, and a secret betrayal.”

“Picking up in the aftermath of Season 2’s bloody cliffhanger, the third and final season of Netflix’s most popular series finds Gi-hun, a.k.a. Player 456, at his lowest point yet,” it reads. “But the Squid Game stops for no one, so Gi-hun will be forced to make some important choices in the face of overwhelming despair as he and the surviving players are thrust into deadlier games that test everyone’s resolve. With each round, their choices lead to increasingly grave consequences.”

“Meanwhile, In-ho resumes his role as Front Man to welcome the mysterious VIPs, and his brother Jun-ho continues his search for the elusive island, unaware there’s a traitor in their midst,” it continues. “Will Gi-hun make the right decisions, or will Front Man finally break his spirit?”

In the new trailer, surviving players from season 2 are forced to finish the game in which they were participating when Gi-hun (Lee Jung-jae) led the rebellion against the powers that be.

“Why didn’t you kill me? Why did you keep me alive?” he screams.

After seeing the players take on challenges — like a deadly round of jumprope — Gi-hun comes face to face with the Front Man (Lee Byung-hun).

“Player 456, do you still have faith in people?” the Front Man asks him.

“Gi-hun vows to put an end to the game, while the Front Man makes his next big move,” Lee Byung-hun teased of the final season.

As fans know, Squid Game season 2, which was released on Dec. 26, ended with a major cliffhanger. In the seventh and final episode, Gi-hun led an uprising of the players, which resulted in the brutal murder of his best friend, Jung-bae (Lee Seo-hwan), at the hands of the Squid Game supervisor, Front Man.

Unbeknownst to Gi-hun, the Front Man was actually In-ho — a previous winner of the Squid Game who now works as the head guard and is posing as Player 001 and using the name Young-il.

“I thought that that was an adequate moment to put a stop and give [Gi-hun] a little bit of closure along [his] long story arc,” Hwang Dong-hyuk told Variety of the second season’s final moments. “In the third season, having that sense of huge guilt and sense of failure weighing heavily on him — how is Gi-hun going to carry on his mission? That’s the story that’ll further unfold.”

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Squid Game’s third and final season premieres Friday, June 27 on Netflix.