Geon-woo and Woo-jin successfully dismantle Baek Jeong's underground boxing league, but they don't walk away with a clean victory. While they manage to survive the brutal final fight, the bittersweet ending proves that destroying one villain doesn't fix a fundamentally broken system. Bloodhounds Season 2 Ending Explained The second season of Bloodhounds concludes with Geon-woo and Woo-jin staging a desperate, brutal counter-attack inside Baek Jeong's illegal fighting ring. B