Smilegate Founder Ordered to Transfer Stake in Record Divorce Ruling
A South Korean court ordered Smilegate founder Kwon Hyuk-bin to transfer a 35% stake in his company as part of a divorce settlement. The ruling values the payout at approximately $1.89 billion.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
Smilegate founder ordered by Seoul court to pay record $1.89 billion in divorce, report says - The Straits Times
Smilegate founder ordered by Seoul court to pay record $1.89 billion in divorce, report says The Straits Times
Read full article →Smilegate founder ordered to transfer 35% stake in record divorce ruling
A Seoul court granted the wife of Smilegate founder Kwon Hyuk-bin a divorce Wednesday and awarded her 35 percent of his shares in the gaming company plus 65 billion won in cash. The 2.55 trillion won ($1.9 billion) property division would be the largest ever reported in South Korea if upheld. The Seoul Family Court valued Kwon’s Smilegate shares at about 7.1 trillion won. It ordered him to transfer 35 percent of the stock to his wife, surnamed Lee, in kind rather than pay its value in cash. The
By The Korea Herald
Read full article →
