Episode 9 of Red Swan delves deeper into the complex web of deceit and power
struggles within the Hwain Group. The episode commences with Do-yoo, the
bodyguard, sharing his involvement in Juhyuk's death with the commissioner
general. While the commissioner is keen on uncovering the flow of Swiss slush
funds, Do-yoo's primary focus remains on unraveling the truth behind Chairman
Kim Duo's murder.

Meanwhile, Oh Wansoo and Yong Guk embark on a trip to Switzerland to secure the late Chairman's remaining assets. The discovery of the substantial sum ignites greed and ambition within the family. Yong Guk, determined to protect the funds for the NOW Foundation, clashes with his brother, Yongmin, who views the money as his rightful inheritance.
The episode takes a sinister turn as the truth about Kim Duo's murder is gradually revealed. A flashback sequence implicates Yongmin as the culprit, using a gold bar as a lethal weapon. Mr. Han, a mysterious figure, appears to be aware of Yongmin's involvement but chooses to protect him for undisclosed reasons.
As the power struggle intensifies, Mi-ran, Yong Guk's mother, hatches a plan to embezzle funds through Hyunsoo, an employee, to secure Yong Guk's position as the heir apparent. However, Hyunsoo proves to be a double agent, working with Do-yoo to expose the corruption within the Hwain Group.
The episode culminates in a shocking turn of events. Hyunsoo is murdered by Lee Jin, a seemingly loyal employee, while attempting to share crucial information with Do-yoo. Despite Do-yoo's intervention, Hyunsoo succumbs to his injuries. Before his death, Hyunsoo entrusts his wife with a USB containing incriminating evidence against Mr. Han.
The episode concludes with a series of strategic moves by the characters. Do-yoo plants the USB in Mr. Han's safe, setting the stage for his downfall. Mi-ran faces a summons from the prosecution, while Yongmin's wife threatens to expose his infidelity and blackmail.
As the episode draws to a close, the audience is left on the edge of their seats, anticipating the explosive consequences of the revealed truths and the impending showdown between the protagonists and antagonists.
Key plot points:
Do-yoo's investigation into Juhyuk's murder
The struggle for control over the late Chairman's assets
Yongmin's involvement in Kim Duo's murder
Hyunsoo's betrayal and tragic death
The growing tension within the Hwain family
This episode significantly advances the plot, introducing new layers of complexity and raising the stakes for the characters involved.