Squid Game is finally coming back to our screens, debuting another set of terrifying, deadly games that players will need to fight through in the hopes of securing a life-changing jackpot.

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Among them is previous winner Gi-hun (Lee Jung-jae), who hopes to use his knowledge to bring the twisted operation down from within, but alas, it proves more difficult than he initially imagined.

The Squid Game season 2 cast features a number of new recruits, each of whom has a traumatic backstory that has landed them in deep debt and a state of utter desperation.

We can only speculate for now over who might make it to the later stages of the competition, and which players will emerge as friends or foes to Gi-hun in his quest for justice.

Of course, 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 money 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?

Seong Gi-hun in his blue Squid Game tracksuit
Lee Jung-jae stars in Squid Game. Netflix

Those competing in Squid Game are given the chance to win ₩45.6 billion if they successfully get through 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?

The Front Man in his black mask in Squid Game season 2
The Front Man in Squid Game season 2. 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?

The recruiter plays a card game with a potential Squid Game player
Gong Yoo stars in Squid Game season 2 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

Read more about Squid Game:

Squid Game is available to stream on Netflix. Looking for something else to watch? Check out our guide to the best TV series on Netflix and best movies on Netflix, or visit our TV Guide and Streaming Guide.

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Authors

Lauren Morris
Lauren MorrisEntertainment and Factual Writer
David Craig
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.

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