Show Me the Money 12

The twelfth season of the series Show Me the Money premiered on January 15, 2026. It aired every Thursday at 23:00 (KST) on Mnet. The season featured four new producer teams in Zico & Crush, Gray & Loco, J-Tong & Hukky Shibaseki, and Jay Park & Lil Moshpit.^[1]

In addition, a spin-off titled Show Me the Money 12: Yaksha's World would concurrently air on Saturdays beginning January 17 via TVING, where several contestants who were eliminated from the first, second, and third rounds of the main show compete with one another, and only three contestants would be revived to continue on the main show. Homies, Loopy, Kaogaii, Reddy, Apro, Yungin, Hangzoo (Rhythm Power), Ian Kash and Rad Museum would serve as the spin-off's masters.^[2] The spin-off concluded on February 14, with Mason Home, YLN Foreign, and Nowimyoung being revived into the main show beginning the fourth round.

Team Zico & Crush

• Zico: Rapper, Singer-songwriter, producer and member of the group Block B, and member of the hip-hop crew Fanxychild. Previously participated as producer in Season 4 for Team ZiPal,^[3] and in Season 6 for Team Fanxychild.
• Crush: Singer-songwriter, rapper and record producer currently signed under P Nation.

Team Gray & Loco

• Gray: Rapper and producer signed under Duover. Previously participated in season 5, where he was one of the winning producers of Team AOMG and in season 10 as Team GRAY X MINO,^[4] and in Season 10 for Team Gray x Mino.
• Loco: Rapper signed to his own label Locomotive. He won Season 1 as a contestant, and participated as a producer in Season 4 for Team AOMG.

Team J-Tong & Hukky Shibaseki

• J-Tong: Rapper signed under Stoneship. He was one of the winners of Rap:Public.
• Hukky Shibaseki: Music producer signed under Jjangyou Shibaseki, which he launched with rapper Jjangyou.

Team Jay Park & Lil Moshpit

• Jay Park: Rapper, singer, and current CEO of More Vision. Also a former CEO of AOMG and H1ghr Music. Previously participated as producer in Season 4 for Team AOMG, in Season 6 for Team AOM&1llionaire, and in Season 11 for Team Jay Park x Slom.
• Lil Moshpit: A member of GroovyRoom, real name Lee Hwi-min. In 2022, he released solo album AAA which won Hip Hop Album of the Year at the Korean Hip-hop Awards. Previously participated as producer in Season 9 for Team GroovyRoom x Justhis, and in Season 11 for Team Lil Boi x GroovyRoom.

The Producer Teams were formed during the Team Matching round, in which five members per team were selected.

Team Zico & Crush (also known as Zic)

• Haon – Signed under KC. He was the winner of High School Rapper 2.
• Raf Sandou – Signed under Mine Field. He is a member of the rap collective Okashii. Previously participated in Rap:Public.
• Jung Jun-hyuk – Korean-Canadian rapper known by the stage name SAinT. Former YG Entertainment trainee, and participated in YG Treasure Box where the group Treasure was formed but didn't make the final group, and KBS audition show The Ddanddara.
• Marv – Signed under Eclipse Empire. Previously participated in Rap:Public.
• Nosun – Korean-American rapper signed under Ambition Musik. He was one of the winners of Rap:Public.

Team Gray & Loco (also known as Coray)

• Osun – Previously participated in High School Rapper 4, and was one of the winners of Rap:Public.
• Mason Home – Signed under Mine Field. He is a member of the rap collective Okashii. He was originally eliminated in the 4-on-4 Team Mission round, then took part in Yaksha's World, and was revived into the main show after finishing in the Top 3 of the spin-off.
• Milli – Rapper from Thailand. She is the only non-Korean contestant to be in a Producer Team in the history of Show Me The Money.
• Foggyatthebottom – Korean-American rapper signed under TSP the Label. He was one of the winners of Rap:Public.
• Oxynova – Korean-Canadian rapper signed under Yng & Rich Records. He is a member of Naughty 4 Life crew. Previously participated in Drop The Bit.

Team J-Tong & Hukky Shibaseki (also known as Tongki)

• Nowimyoung – Signed under KC. He was originally eliminated in the 1-on-1 Level Mission round, then took part in Yaksha's World, and was revived into the main show after finishing in the Top 3 of the spin-off.
• Fleeky Bang – Signed under Dirty Play Records. Previously participated in season 11 as a member of Team Lil Boi x GroovyRoom, and Rap:Public.
• Royal 44 – Signed under Yng & Rich Records.
• Double Down – Korean-American rapper. Previously participated in Rap:Public.
• Young Shooter – He was originally eliminated in the 1-on-1 Level Mission round, but Team Gray & Loco used their Producer Pass in the round to revive him.

Team Jay Park & Lil Moshpit (also known as Mobum)

• Zene the Zilla – Signed under Ambition Musik. Previously participated in seasons 2 to 8 (participated in season 2 under his real name Lee Sang-yong), and Rap:Public.
• Tray B – Signed under Dirty Play Records. Previously participated in Rap:Public.
• Flowsik – Korean-American rapper signed to his own label South Paw Record. Formerly a member of Aziatix. Previously participated in season 5 as a member of Team Illionaire.
• Jeffrey White – Signed under Mine Field. He is a member of the rap collective Okashii. He was originally eliminated in the 1-on-1 Level Mission round, but Team Zico & Crush used their Producer Pass in the round to revive him.
• Dkay – Korean-Australian rapper. He was originally eliminated in the 1-on-1 Level Mission round, but Team Jay Park & Lil Moshpit used their Producer Pass in the round to revive him.