Hong Keum-bo and Go Bok-hee discover the Captain of the Yeouido Pirates and ask him to help them with the slush fund in Undercover Miss Hong episode 11.
Undercover Miss Hong episode 11, titled The Masked Pirate, premiered on February 21. This episode centers on Keum-bo and Bok-hee as they search for the Captain of the Yeouido Pirates. When they discover his identity, he becomes another member of Keum-bo’s group.
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Disclaimer: This article contains spoilers about the series. Read with discretion.
Keum-bo and Bok-hee Succeed in Undercover Miss Hong Episode 11
Undercover Miss Hong episode 11 opens with a shocking reveal: Keum-bo and Bok-hee, with No-ra’s help, successfully withdraw money from the slush fund. Naturally, Bok-hee immediately dreams of running away with the cash. She even suggests they steal it and escape to Santa Monica Beach.
However, Keum-bo quickly shuts down her fantasy and jokes that Busan’s beaches are better anyway. Meanwhile, at work, Jung-woo questions Jang-mi, which is Keum-bo’s fake identity. He asks why she made No-ra do her job.
Keum-bo calmly avoids suspicion and explains that she had personal matters and couldn’t take time off, so she asked someone else for help. Since Jung-woo doesn’t know the truth about her identity, he cannot push further.
At the same time, Keum-bo notices No-ra’s dramatic transformation. Now that No-ra lives as a rich chaebol, she dresses and acts differently. However, No-ra admits she misses her old life as Eun-joo. Back then, people treated her normally and without fear.
Now, her wealth creates distance. Soon after, No-ra visits Bom at Keum-bo’s parents’ house and explains that she suddenly moved back with her family. Bom calls her lucky, which makes No-ra feel guilty. Keum-bo’s parents, on the other hand, feel amazed and proud that their daughter has such wealthy friends. Meanwhile, Jung-woo and Lee focus on business. They review struggling companies and rank them based on how serious their financial problems are.
The Captain’s Identity
Soon, new trouble emerges. The Yeouido Pirates website releases a list of companies facing financial collapse, and Hanmin appears on it. Surprisingly, Jung-woo secretly started these rumors himself. Despite this, Keum-bo refuses to believe Hanmin will fall so easily, especially after Bok-hee overhears the news.
Not long after, Keum-bo learns another painful truth: Jung-woo and No-ra are engaged. Instead of reacting emotionally, she pushes Al to stand up and claim his rightful place in the company. Taking her advice seriously, Al even seeks guidance from Bang, who now sells kimbap on the street. Back at the office, Cha also informs Oh Deok-gyu about the Pirates and their dangerous leaks.
Because of this, Keum-bo launches a new internal investigation. She learns that someone called “Captain” leaks Hanmin’s secrets online, including illegal dealings between DK Ventures and Hanmin. To uncover the truth, she creates a trap.
She gives Al and Cha different financial documents and waits to see which numbers appear on the website. Soon enough, the answer becomes clear. Al is the Captain, and Yong-gi helps him. With this discovery, Keum-bo finally identifies the traitor—but the damage may have already begun.
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Albert Discovered Keum-bo’s Secret
Later, the group gathers at the chicken shop to celebrate Keum-bo’s birthday. To make the night special, No-ra prepares a home video using the photos and clips she recorded during their dorm days. As the video plays, everyone grows emotional while remembering their time together.
However, Bok-hee quickly stops the video before the mood becomes too heavy. Still, the moment leads No-ra to an important realization. She notices that Keum-bo shares the same birthday as a woman Jung-woo once dated. Because of this, No-ra finally begins to connect the truth about Keum-bo’s real identity.
At the same time, Al learns Keum-bo’s secret identity as Jang-mi after Dal-su accidentally brings it up. Instead of exposing her, Al agrees to stay quiet—but only if Keum-bo keeps his secret as the Captain. Then, he offers another deal.
He promises to give her his Hanmin shares if she helps uncover the truth behind his uncle’s so-called accident. In response, Keum-bo decides to trust him with her bigger plan. She reveals that her true goal is to steal the slush fund, buy Hanmin’s stocks, and eventually become the company’s largest shareholder.
Undercover Miss Hong Episode 11 Review
Undercover Miss Hong episode 11 is a mix of suspense, strategy, and heartfelt moments. Keum-bo’s clever maneuvers to uncover the Captain, combined with the gang’s playful dynamics, keep the story lively and engaging. The tension between secret identities and hidden agendas adds a sharp edge, while the birthday scene brings a touching emotional break that balances the scheming with warmth.
The episode also highlights the chemistry among the leads. Keum-bo’s wit, No-ra’s perceptiveness, and Al’s cautious loyalty create intriguing alliances and conflicts. At the same time, the high-stakes corporate schemes, including the slush fund plot and Hanmin stock plan, keep viewers invested in the story’s unfolding drama. It’s a tight, entertaining episode that blends humor, heart, and suspense seamlessly.
Catch the next episode on February 22 via Netflix. The series airs at 9:10 PM (KST) and 8:10 PM (PHT) every Saturday and Sunday.
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