Squid Game: The Challenge is renewed for season 2 by Netflix

Netflix has given the green light to Squid Game: The Challenge for a second season following its hugely successful release on the streaming platform.

The reality series debuted on the streamer on 22 November and in just two weeks has reached the top spot on Netflix’s Top 10 English TV list, and hit the Top 10 list in 93 countries overall.

Read more: Who should win Squid Game: The Challenge?

It is based on Netflix's popular K-drama Squid Game, which follows a group of people who are in such desperately difficult monetary situations they sign up to a life-or-death game show in which they must fight to survive and win the ₩4.56 million reward.

Adapted into a reality TV show, Squid Game: The Challenge sees 456 real people enter the competition to try and win $4.56 million by taking part in games that are inspired by the original series, though they are not required to fight to death as often happens in the K-drama.

The first season of Squid Game: The Challenge is set to end with a grand finale on Thursday, 7 December in which the final three players will face each other in one last game before the winner is revealed.

Netflix were keen to make the renewal announcement ahead of the finale's release, with Brandon Riegg, Netflix VP of Nonfiction Series saying in a statement: "There was no red light in our decision to greenlight season two of Squid Game: The Challenge, the most ambitious unscripted show we've premiered at Netflix.

"We're so excited to continue the franchise of Squid Game with our team in Korea, and producers at Studio Lambert and The Garden for this epic competition series."

Season 2 of the series will once again see 456 real life people take on the games in a bid to win a life-changing amount of money, and members of the public interested in applying to be on the show can do so on SquidGameCasting.com.

As well as the new season of the reality series, Netflix has revealed its plans to expand the universe with a show titled Squid Game: The Trials, a live fan experience that begins on 6 December in Los Angeles and will allow participants to take part in six immersive games inspired by the original series. A video game is also in the works.

Read more: Everything you need to know about Squid Game season 2

Of course, a second season Squid Game itself is also currently in the works with director Hwang Dong-hyuk returning to helm the series and actors like Kang Ha-Neul and Choi Seung-Hyun (aka K-pop icon T.O.P) joining the cast.

Returning cast members include Lee Jung-jae as lead Seong Gi-hun, Wi Ha-joon as police officer Hwang Jun-ho, and Lee Byung-hun as the Front Man.

Squid Game: The Challenge ends on Thursday, 7 December on Netflix.

Watch the trailer for the finale of Squid Game: The Challenge: