BLACKPINK’s Lisa’s ‘Dream’ Sparks Dating Rumors: Jungkook or YG Ex-Trainee Jaewon?

Lisa’s "Dream" MV sparks theories about past flames—Jungkook or ex-YG trainee Jaewon.
Lyrics from Jaewon’s "Last Cigarette" eerily mirror Lisa’s song, fueling speculation.
With BLACKPINK on tour, Lisa avoids addressing rumors, letting fans decode the mystery.

BLACKPINK’s Lisa recently dropped a cinematic short film for her emotional track “Dream,” starring Japanese actor Sakaguchi Kentaro.

The melancholic narrative, paired with Lisa’s soulful performance, has reignited discussions about the song’s inspiration, leading fans to dig into her past relationships. The lyrics, filled with longing and unresolved feelings, paint a picture of a love that once was but is now just a memory.

Source: Instagram/lalalalisa_m

“Whenever I’m missing you / Call you up, but I can’t get through,” Lisa sings, a line that has sent fans into a frenzy, dissecting every possible clue about who the song could be referencing. While some speculate it’s about BTS’s Jungkook, given their past dating rumors and alleged matching couple items, others believe the lyrics align eerily well with another figure: former YG Entertainment trainee and soloist One (Kim Jaewon).

The Mysterious Case of One (Kim Jaewon) and Lisa

https://vt.tiktok.com/ZSSKSLDP2/

One, who debuted under 1Punch before signing with YG Entertainment, was once a rising star before suddenly vanishing from the industry in 2019 after releasing his solo album. His track “Last Cigarette” has resurfaced as fans point out striking lyrical parallels with Lisa’s “Dream.”

“I can’t save you. / I can’t answer your calls,” Jaewon sings—lines that seem to directly respond to Lisa’s “Call you up, but I can’t get through.” The similarities don’t end there.

Both songs mention the pain of letting go, with Jaewon’s “I can’t just let it go completely” mirroring Lisa’s “I guess you can’t hold on to something once you let it go.”

Fans have also noted that Kentaro’s blonde hair in the “Dream” short film resembles Jaewon’s 2019 look, further fueling theories. The timing of Jaewon’s sudden departure from the industry, around the same period Lisa references (“Like it’s 2019, baby”, has only deepened the intrigue.

Lisa’s Dating Rumors Through the Years

https://vt.tiktok.com/ZSSKBTcL8/

Before Jaewon entered the conversation, Lisa was most frequently linked to BTS’s Jungkook. The two were spotted wearing similar rings in 2019, sparking dating rumors, though neither ever confirmed anything. Now, with “Dream” reigniting old speculations, some fans wonder if Jungkook could still be the muse.

https://x.com/fltrjenn/status/1955279950128484641

However, in recent years, Lisa’s name has been tied to Frederic Arnault, CEO of Tag Heuer and heir to the LVMH empire. The two were frequently seen together at events and even during Lisa’s travels, leading to widespread belief that they were dating. Yet, recent sightings of Lisa vacationing alone in Capri, Italy, without Frederic in sight, have led to whispers of a possible breakup.

Despite the endless theories, Lisa has remained tight-lipped about her love life. Whether “Dream” is about Jaewon, Jungkook, or even Frederic, she’s left it open to interpretation. “At least a girl can dream,” she sings, a line that feels like a knowing wink to fans who continue to piece together clues.

One thing’s for sure: Lisa’s artistry continues to captivate, and “Dream” is more than just a song, it’s a glimpse into emotions she’s rarely shared publicly. And as long as she keeps leaving breadcrumbs, fans will keep following the trail.

Source: LLOUD Official

While fans continue to speculate about the meaning behind “Dream,” Lisa remains fully focused on BLACKPINK’s ongoing DEADLINE World Tour. The group recently wrapped up their European leg with electrifying performances in Paris (August 2-3 at Stade de France), Milan (August 6 at Ippodromo Snai La Maura), and Barcelona (August 9 at Estadi Olímpic). After a brief break, they’re set to take over London’s iconic Wembley Stadium on August 15-16, marking another milestone in their global domination.

But the tour is far from over, after Europe, BLACKPINK will bring the DEADLINE spectacle to Asia, with dates stretching well into late 2025 and early 2026. The Asian leg kicks off in Kaohsiung, Taiwan (October 18-19), followed by Bangkok, Thailand (October 24-26), Jakarta, Indonesia (November 1-2), Bulacan, Philippines (November 22-23), and Singapore (November 29-30). The tour will then resume in January 2026, with stops in Tokyo and Hong Kong, ensuring that BLINKs across the continent get to experience the group’s high-energy performances.

Given this packed schedule, Lisa barely has time to breathe, let alone address dating rumors. While fans dissect every lyric in “Dream” and analyze her past relationships, the reality is that her focus is squarely on the stage. The DEADLINE Tour is one of BLACKPINK’s most ambitious yet, blending their signature hits with new tracks, stunning visuals, and elaborate choreography. With months of touring still ahead, Lisa’s personal life, whether past or present, will likely remain a mystery for now.

So, while theories about her love life run wild, one thing is certain: Lisa’s priority is delivering unforgettable performances for BLINKs worldwide. And if “Dream” is indeed about a past romance, it seems she’s channeling those emotions into her art—leaving fans to wonder, speculate, and, as she sings, “at least… dream.”

Source: Koreaboo, X, TikTok

The storytelling in Dream reminds me of sad J-drama breakups. If this was about Jaewon-ssi, the YG trainee backstory adds such melancholic layers…

this analysis is so DEEP! :flushed_face: As an ARMY, I’m torn between JK and Jaewon theories. That lyric parallel is SUS but Lisa unnie never confirms anything!

Thai fans know Lisa keeps her private life quiet! :sparkling_heart: But if she dated Jaewon, I hope he treated our national treasure well. Those 2019 pics were cute though :eyes:

I’m personally lowkey team Jungkook though! :sweat_smile: Their 2019 interactions had such cute bestie energy. But hey, as long as Lisa noona was happy, right?

Please, if Lisa really dated someone, Dispatch would’ve exposed it unless she paid them off or was extremely careful. These fans analyzing lyrics need better hobbies :face_exhaling:

Oh honey I got emotional reading this! :sob: Whether it’s about Jungkook or Jaewon, the pain in her voice is REAL. My mom heart wants to give Lisa a hug!

Maybe I should host a proper betting pool at the pub for this Lisa mystery :smirking_face:

Whether it’s Jaewon, Jungkook, or Frederic, I love how Lisa leaves it open-ended. The mystery makes the song even more intriguing.

Haha, true! Lisa’s always so private, I doubt anything would slip out unless she wanted it to. Some fans really go overboard reading into lyrics :sweat_smile:

BLACKPINK’s DEADLINE Tour is insane. Lisa barely has time to breathe, yet she delivers such heartfelt performances, absolute queen energy​:high_voltage::high_voltage:

Looks like even Lisa just breathing can become a trending topic and news :rofl: OMG. Suddenly there’s a dating rumor out of nowhere.

Fr :joy: Lisa’s so smooth, even Dispatch can’t touch her. Meanwhile, some fans are out here becoming detective Sherlocks over a few lyrics​:rofl::rofl: