Round One: Rapper Selection Round

For the Korea audition, this season marked the return of the stadium auditions, where contestants will register at the venue and take part in Round One on the same day. As a safety precaution from the COVID-19 pandemic, the contestants will be divided into small groups, with each contestant socially distanced from one another, and have a plexiglass placed between him/her and the assigned producer. Each contestant will perform a short a cappella rap in front of the producer. The producer then provide an in-depth evaluation of the contestant, and determine if they advanced to the next round. Similar to the previous two seasons, the contestant will grab the chain at the corner of the plexiglass if he/she passes the round.

A total of 108 contestants, including 5 from the Los Angeles audition, moved on to Round Two.^[5]

Contestants from the Rapper Selection Round

Round Two: 60-second Team Rapper Casting

This round would be done in two parts. For the first part, the 108 contestants who moved on from Round One will each have to do a one minute rap in front of all judges. If all four producer teams failed the contestant, the beat stops and the contestant is eliminated from the show. Contestants who received at least one pass can proceed for Team Casting, where he/she chooses one of the team(s) that had passed him/her. However, during the Team Casting, the producer teams can eliminate contestants, such that each producer team would have only 11 contestants. After this round, 44 contestants moved on to Round Three, with 11 contestants in each producer team.^[6]

Contestants at the 60-Second Beat Rap

Results of Team Casting

  Indicates the contestants who were eliminated.

Round Three: Guerilla Beat Cypher

This round features no beats played by the DJ, instead there would be two drummers/percussionists playing the drums and percussions live for original beats without melody, a first in the Show Me The Money series. On the stage there are two microphones, one lighted in blue and one lighted in red. The grabbing of those microphones are of a first-come, first-serve basis. One contestant would be on stage to grab whichever microphone that lights up first, and start his/her rap performance. After that, another contestant grabs the second microphone that lights up and start his/her rap performance. The beat ends when the contestant with the second microphone ends his/her rap performance. A total of 22 matchups are formed. The producer judges and some invited contestants who were eliminated earlier in the first and second rounds vote for the winner of each matchup. After this round, three contestants from each team would be eliminated.^[11]

Guerilla Beat Cypher Matchups^[12]

  Indicates the winning contestant.

  Indicates the losing contestant.

Results of Guerilla Beat Cypher

  Indicates the contestants who were eliminated.

Round Four: Team Crew Battle

In this round, each producer team would be split into two crews of four contestants each, one crew being the Real crew and the other being the Fake crew. Each crew would choose a beat from their respective producer team, and perform together. After each producer team's crews perform, the winning crew is decided. The winning crew will have all its members advancing to the next round, while the losing crew will eliminate 2 of its members.

Crews for Team Crew Battle^[13]

Names in bold represent the leaders of the crews.

  Indicates the winning crew.

  Indicates the losing crew.

  Indicates the contestants who were eliminated.

Round Five: Team Song Mission

In this round, during preparations for the mission, for each team, the producers would decide on one contestant that would be eliminated at the point, and the remaining five contestants would perform together with their producers. Unlike previous seasons, the performances will be held in front of a live audience. At the end of each performance, the producers of the performing producer team would eliminate one contestant. Similar to the previous season, the eliminated contestant after the performance will still be part of the official release version of the song and will be included in this season's discography.

Contestants eliminated before performance for Team Song Mission

Round five result^[14]

  Indicates the contestants who were eliminated.

Round Six: Team Diss Battle

For this round, in each battle, there would be two one-on-one diss battles and one four-on-four diss battle. After each battle, the live audience would vote to decide which team would be the winning team. The winning team will have all contestants moving on to the next round, while the losing team will have to eliminate one contestant.^[15]

  Indicates the winning team, with all its contestants advancing to the next round.

  Indicates the winning contestant/team of the battle.

  Indicates the losing contestant/team of the battle.

  Indicates the contestants who were eliminated.

Round Seven: First Live Performances

For this round, winning teams of the previous round would go against each other and losing teams of the previous round would go against each other. All 4 producer teams would hold the mic selection for two of their own contestants to determine who would perform at the live stage; one contestant from each producer team would be eliminated. For each matchup, through two rounds of voting, the winner would be decided. The teams with the lesser money cumulated will each have to eliminate one contestant.^[16]

  Indicates the winning contestant of the matchup.

  Indicates the contestants who were eliminated.

Result of First Performances

  Indicates the winning team.

  Indicates the contestants who were eliminated.

Round Eight: Semi-final Performances

For this round, the matchups are decided based on the contestants of Team Grillz (the team with the most cumulated money in the previous round) each picking their opponents, followed by Don Malik (who was on Team R. Jus which has the second most cumulated money in the previous round) picking his opponent, and the remaining two not picked would automatically be matched up. For each matchup, through two rounds of voting, the winner would be decided. The contestant with more money would advance to the final, while the other contestant would be eliminated.

  Indicates the winning contestant of the matchup.

  Indicates the contestants who were eliminated.

Round Nine: Final Performances (Live Episode)

The final round will be televised live, and the winner of the season is decided based from the votes from both the live audience and live SMS voting. The four finalists will meet up prior at a undisclosed location to determine their order of performances. The final round will be divided into two parts: the first part of the finals featured all four finalists each having a performance with special guest performer(s) as featuring. After all four finalists performed, a two-round voting process from both the live audience and live SMS voting will be held, and the performance ranking based on the live audience will be announced. In the second part of the finals, the four finalists will each perform with their producer(s) and/or special guest performer(s) featuring, with the same two-round voting process and announcement of performance ranking held after the final performances. The contestant who earned the most cumulative performance money from both the pre-finals online evaluation team voters and live SMS voters in all two performances will be the season's champion, will receive ₩100,000,000 in prize money, plus first class air ticket and accommodation stay in Beverly Hills, worth ₩100,000,000 in total. The final episode will also include a special performance from eliminated contestants, with the song to be included in this season's official discography.

  Indicates winner of Show Me the Money 11

  Indicates the 1st runner-up

  Indicates the 2nd and 3rd runner-ups