Responses
You can tell when the flashback starts when it fades to black in the final panel of chapter 44. Then 45 and 46 are all in black because it continue the flashback
The flashback starts in the final panel of chapter 44 when it fades to black. You can tell 45 and 46 are flashbacks cause they are in black too
Lol a lot of people don't realise chapter 45 and 46 were flashbacks. They aren't having sex in the current storyline, this was in the past before yeonhong became a moneylender. The time they had sex in the flashback was the first time they met since high school. So, no they didn't just have sex right now, that was in the past before everything. The question is did panther recognize yeonhong from high school when he slept with him...
The guy he calls pig was his old boss/debt collector, but currently yeonhong is his own boss and has his own business. Basically panther was a higher up in the business and the guy he owed money to made him sleep with panther for a favor. Yeonhong was furious so he decided he needed to pay back his debt and leave immediately. He asks taein to join him, so he hires him and they go to Seoul together. The flashback ends in the beginning of chapter 47 when yeonhong meets the police officer outside the office
At the current timeline panther almost definitely recognizes has his memory back but tbh i dont remember if yeonhong remembers panther from school, maybe someone can answer that. But basically he only knows panther is probably more powerful than he thought at first. We just aren't clear on what panthers motive is or why he basically sent himself to work under yeonhong. I'm guessing after they "reunited" when the slept together he was able to track him down and wanted to get closer to him