Who Wins Squid Game in Season 3’s Ending? Seong Gi-hun & Front Man’s Fates Explained

Squid Game Season 3 has finally been released, ending the three-installment arc of Seong Gi-hun’s arduous fight to participate in and end the frightening titular game. It also wraps up Gi-hun’s conflict with The Front Man, the master manipulator behind the game and its deadly rules. Fans now have many questions about Season 3’s ending, with the most notable ones being “Does Gi-hun die?” and “Who wins Squid Game?”

So, who wins Squid Game in Season 3’s ending? Do Seong Gi-hun and the Front Man die? Here are your burning queries explored.

Who wins Squid Game and does Seong Gi-hun die in Season 3’s ending?

Player 222, who is a newborn baby, ends up winning Squid Game in Season 3’s ending. As for Seong Gi-hun, he meets his demise.

In what has been confirmed as the final installment of the series, Gi-hun dies in the Game’s final round. He reaches the final tower with the baby and Myung-gi. The latter attempts to convince Gi-hun to hand over the baby. However, Gi-hun refuses Myung-gi’s request, believing the latter intends to kill the newborn. As a result, Gi-hun and Myung-gi duel, and the latter falls to his doom.

Unfortunately, Myung-gi’s demise does not count as the final tower’s sacrifice, as neither he nor Gi-hun pushed the button that would start the round. Thus, Gi-hun ends up with a horrible ultimatum: sacrifice the baby and ensure his own survival or sacrifice himself to ensure the baby’s survival.

Gi-hun’s humanity prevails, and he chooses to sacrifice himself, much to the VIPs’ surprise. He kisses the baby and places them on the floor. Subsequently, he tells viewers, “We are not horses. We are humans,” and falls to his death.

Does the Front Man die in Squid Game Season 3?

The Front Man/Hwang In-ho does not die in Squid Game Season 3‘s ending.

Hwang In-ho reunites with his half-brother Hwang Jun-ho, who had learned of the location of the former’s island. Jun-ho aims his gun at In-ho, but cannot bring himself to shoot him. The former asks In-ho why he manipulated and played with people’s lives via Squid Game. However, the latter does not answer and walks away.

Jun-ho later goes home and finds Jun-hee’s baby and the Game’s winnings. In-ho likely left both to the former, as he wanted him, and by extension, the baby, to have a good life.