Netflix co-CEO Ted Sarandos has announced that the second season of the 2021 hit 'Squid Game' will be in production.

In a Q4 2021 earnings interview, Sarandos was asked if there would be a second season of the world's most watched Netflix series 'The Squid Game'. "Of course," Sarandos said. "The squid game universe has just begun."

Director Hwang Dong Hyeok, producer of 'Squid Game', predicted the production of season 2 in interviews, but this is the first time that Netflix CEO directly publicly announced the production plan.

"There was a lot of pressure for the second season and it was loved so much," Hwang said in a past interview with the Associated Press. "So there's no choice." He said, "There will be a second season. It's in my head right now and I'm currently planning it." The director revealed that the main character of Season 1, Sung Ki Hoon (Lee Jung Jae), will also appear in Season 2.

'Squid Game' is Netflix's most hit series ever, and 456 participants are invited to a brutal game to win a prize of 45.6 billion won. In the first 28 days of platform launch, 1.65 billion hours of streaming were recorded by subscribers worldwide.

This series became the first non-English-speaking series to be nominated for a drama part at the 2022 American Actors Guild Awards ceremony. Actor Oh Young Soo, who appeared in 'Squid Game', became the first Korean actor to win the Golden Globe Award for Best Supporting Actor.

Bloomberg reports that Netflix is ​​making the first season of 'Squid Game' 2,

As of the end of 2021, Netflix had 221.8 million subscribers worldwide. However, the share price plunged recently as subscriber growth in 1Q is expected to be slower than expected and as threats from competitors intensify.

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Actor Chun Jung Myung has opened up about a devastating betrayal by his former manager, who swindled tens of billions of won from his family. The former manager, who had been trusted like family, is now serving prison time for his actions.

In the December 8 episode of SBS’s My Little Old Boy, Chun Jung Myung shared the shocking details of his financial fraud ordeal with fellow cast members Lee Sang Min and Kim Heechul.

He explained, "I was financially defrauded by the manager I had worked with for 16 years since my debut. He forged documents to steal money and even caused huge financial losses for my parents."

A close source confirmed on December 9, "The manager mentioned on the show ultimately couldn’t repay the damages and is now serving his prison sentence for fraud."

The source also revealed that Chun Jung Myung suffered losses in the tens of billions of won. The emotional toll was severe, leading to social anxiety, and he even considered retiring from the entertainment industry due to the devastating betrayal.

Chun Jung Myung debuted in 1999 with the drama School 2 and became a household name with roles in Beijing, My Love, Fashion 70s, and What's Up Fox? However, after his role in the 2019 drama Urban Cops: KCSI, he suddenly disappeared from the spotlight, sparking concerns from fans.

An entertainment agency CEO weighed in, saying, "Celebrities, especially those with limited real-world experience, are vulnerable to scams because of their public status. Some get trapped and lose vast amounts of money after being used as figureheads."

An entertainment law expert added, "Fraud cases are tricky because proving the intent to steal is difficult. If someone makes an enticing offer, always ask, ‘Why me and not them?’ Skepticism is key."

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