The album consists of 17 tracks, including 13 songs and 4 skits, all written and co-composed by Bobby.

[1] Talking about Lucky Man in an interview, Bobby stated, "The main theme is the portrayal of all the bliss and sorrows people go through in youth -- falling in love with someone, enduring the agony of a breakup, overcoming the deep sorrow and making a recovery."

[1] On January 14, 2021, YG Entertainment dropped a "coming soon" teaser video of Bobby, hinting an upcoming music project from him.

Following this teaser, YG Entertainment announced the title of the album to be Lucky Man, and to be released on January 25, 2021.

The full track list, including the featurings by fellow iKon members DK and June were revealed on January 20, 2021.