Squid Game returns to our screens for its third and final season and, as ever, you can expect to be kept on your toes as Gi-hun and co are put through their paces, and then some.

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"A failed rebellion, the death of a friend, and a secret betrayal," reads the synopsis.

"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."

Expanding on what will happen in the final instalment, creator Hwang Dong-hyuk told The Hollywood Reporter: "The third season will really explore that sense of loss and failure [after his best friend Jung-bae was executed right in front of him], that guilt weighing so heavily on Gi-hun.

"How's he going to navigate the story further with all of that weighing down on him?"

After winning the vast fortune at the end of season 1, Gi-hun has dedicated his life to bringing down the shady organisation that made his win possible, in turn proving that money is not the key to everlasting happiness.

But how much, exactly, did he win?

All of the figures mentioned in the game are in the South Korean currency, won, which can make it difficult for international viewers to comprehend exactly how much cash is being discussed.

If you want some clarification, read on for a detailed breakdown of the Squid Game prize money – and what the equivalent is in Great British Pounds (GBP) and United States Dollars (USD).

What is the prize money in Squid Game?

Chae Kook-hee as Seon-nyeo (Player 044) in Squid Game season 3; she is wearing a blue bib over her green tracksuit and praying before the start of a game
Chae Kook-hee as Seon-nyeo (Player 044) in Squid Game season 3. No Ju-han / Netflix

Those competing in Squid Game were given the chance to win ₩45.6 billion if they successfully completed all six stages of the competition.

In season 1, the first game is Red Light Green Light, followed by a game which involves cutting a shape out of honeycomb without breaking it. Game three is a tug of war, while the fourth round lets the pairs play a game of their choice with marbles.

For the fifth game, the contestants have to choose a number between one and 16 before crossing a bridge in that order, while the sixth and final round is the titular Squid Game.

How much is 45.6 billion won in pounds?

Jo Yu-ri as Jun-hee in Squid Game season 3, looking up at someone with a solemn expression on her face
Jo Yu-ri as Jun-hee in Squid Game season 3. No Ju-han / Netflix

The Squid Game prize money of 45.6 billion won roughly translates to £24.9 million – which is a pretty hefty sum.

With that amount, you could buy a private jet (which start around £2 million), a Mercedes-Benz W196 (£24m) or 240 bottles of Remy Martin Black Pearl Louis XIII Cognac (£100,000).

Here are some conversions for some other figures to put the sums mentioned in the show into perspective (approximate figures from the time of writing this article):

  • 24 million won = £13,133
  • 78 million won = £42,684
  • 100 million won (value of each player) = £54, 724
  • 500 million won = £273,140
  • 1 billion won = £546, 281
  • 1.5 billion won = £819, 421
  • 2 billlion won = £1.09 million
  • 2.5 billion won = £1.36 million
  • 5 billion won = £2.7 million
  • 10 billion won (highest player debt) = £5.4 million
  • 15 billion won = £8.1 million

How much is 45.6 billion won in US dollars?

Lee Jung-jae as Seong Gi-hun in Squid Game season 3, wearing a tuxedo with his number on it
Lee Jung-jae as Seong Gi-hun in Squid Game season 3. No Ju-han/Netflix

The Squid Game prize pot in US dollars is equivalent to $31.4 million (approximate figure at the time of writing this article).

With all that cash, you could buy dozens of tickets to space on a Virgin Galactic flight ($450,000), a pair of Antonio Vietri Moon Star shoes ($19.9m), an Apache Helicopter ($31m) or two Formula 1 cars ($15m).

  • 24 million won = $16,568
  • 78 million won = $53,847
  • 100 million won (value of each player) = $69,034
  • 500 million won = $345,174
  • 1 billion won = $690,348
  • 1.5 billion won = $1.03 million
  • 2 billlion won = $1.3 million
  • 2.5 billion won = $1.7 million
  • 5 billion won = $3.4 million
  • 10 billion won (highest player debt) = $6.9 million
  • 15 billion won = $10.3 million

Squid Game seasons 1-2 are available to stream on Netflix. Season 3 arrives on Friday 27th June. Sign up for Netflix from £5.99 a month. Netflix is also available on Sky Glass and Virgin Media Stream.

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Authors

David CraigSenior Drama Writer

David Craig is the Senior Drama Writer for Radio Times, covering the latest and greatest scripted drama and comedy across television and streaming. Previously, he worked at Starburst Magazine, presented The Winter King Podcast for ITVX and studied Journalism at the University of Sheffield.

Abby RobinsonDrama Editor

Abby Robinson is the Drama Editor for Radio Times, covering TV drama and comedy titles. She previously worked at Digital Spy as a TV writer, and as a content writer at Mumsnet. She possesses a postgraduate diploma and a degree in English Studies.

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