Let’s say they remade the entire series but with the cast consisting of Westerners and they’re speaking English (the original one takes place in South Korea with a Korean cast with subtitles), but the thing is that the actual “Squid Game” is a Korean children’s game which is not something that resonates with US culture, so would an actual American remake really succeed or fail?
Would depend who made it, both the producing company and the director.
If they tried to properly emulate the darkness of the show, and had something to actually say about society, then in the right hands it could be decent. As long as it wasn’t just the exact same plot, they’d need to have their own story to tell.
For example, I could imagine David Simon doing something interesting with it, relating to the corrosive nature of capitalism, media, etc.
But more likely the focus would be on the games and the gore and the lore of the Game itself, plus personal interactions between the contestants, love triangles, etc. Which IMO is less interesting.