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If I remember it correctly, Cheongryeo has status abnormality called revision; It's an ability to restart his life after he died. He did died by killing himself quite a few times so ofc he will develop some mental issues (another regressor syndrome?)
He found out that Moondae has a similar ability to him. And for some reason he couldn't use that restart ability anymore so he wants to pressure Moondae to commit suicide (if Moondae doesn't want to, Cheongryeo will kill Moondae himself) cuz He wants to regress and fix a few things. He thought he would be able to reverse the time if Moondae died
Finally our cheongryo is here hahaha the kidnapper ml lolol ...