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i like your theory! I think the same! We all should blame that king of underworld he's very sus...
To me Minchan/Seoho and Bihwan remembered a lot of dan heng/blade from honkai star rail. I love reincarnation plot like they were a sinner in the past and everything bad happened and the next life they are suffering as a consequence of their actions. I love yearning and doomed yaoi (づ ̄ ³ ̄)づ
I think Seoho/Minchan's case might be somehow similar to that of Seth from ENNEAD (also love that they are both redheads).
Seoho might have done something terrible and unforgivable to humanity that this sin of his had resulted in his name being deleted from the register, and for which he suffered the consequences alone. He had to somewhat betray Bihwan (Dokkaebi) in order to get Dokkaebi out of the sight of the other deities and thus be exempted from the punishment. That's why Seoho is the only one being punished, in the form of a curse. With this curse, his reincarnation (Minchan) is getting occasional fevers and the only solution he had back then was to swallow/eat a candy-like soul. Which boils down to one thing - he MUST work hard to kill every single bad spirit he encounters. In doing so, he's indirectly helping to get rid the evil ghosts from this world. It's more like a "clearing" task given to him by the deities as his lifetime punishment. A bit similar to Seth from ENNEAD who is also doing atonement tasks on his journey for his grave sin, guided by his cursed bracelet.
Bihwan (Dokkaebi) might not have been aware of Seoho's sacrifice for him. He mistakenly thought that Seoho had betrayed him in the past, when in fact Seoho did that out of love for Bihwan. He didn't know that Seoho chose to be resented by him rather than have him be punished forever (more like Seoho took all the blame). Also, how did Gwonryeom get his hands on that mirror wherein Dokkaebi was locked up for 1500 yrs? I'm thinking, Dokkaebi and Gwonryeom might have been great enemies in the past life. With his powers, it seems Gwonryeom is some sort of a powerful being. This war mentioned by Seoho might be the one in which Dokkaebi lost to Gwonryeom because Seoho chose to side with Gwonryeom over Dokkaebi.
Gwonryeom might have been interested in Seoho/Minchan (based on subtle hints in Ch 30). Although there's no clear evidence yet, it seems like he's doing something shady (or evil) behind Minchan's back, thinking he's doing it for Minchan's sake. He gives off this obsessive vibe (at least for me) that makes him look like he's indirectly controlling Minchan's life because he's interested in Minchan. Adding Dokkaebi to the mix, I think a love triangle is not impossible, although it will most likely be one-sided from Gwonryeom's POV. Remember Dokkaebi and Gwonryeom once had an ice-cold convo in Ch 14? It just shows that Gwonryeom does not like Dokkaebi hanging around with Minchan.
And how will Minchan regain his past life memories as Seoho? It might have something to do with what Gwonryeom said that his soul was torn into 10 pieces in Ch 4. Once Seoho's soul will be pieced back as a whole, he might regain his past life memories. Though I have a feeling that Gwonryeom intervened with his memories (based on subtle hints in Ch 27 and 30) making it hard for Minchan to regain them.
Again, just thoughts & theory because this manhwa doesn't have a novel.
ps. Please don't ask me for the raw link in the replies. You can sort this topic section by "Popularity" if you wanna know how to request for the link or just check out some more spoilers.