Business & Finance
South Korean gaming tycoon ordered to pay record divorce settlement
A South Korean court granted 2.55 trillion won to Lee Hwa-jin, according to BBC News.
The short version
- A South Korean court ordered gaming founder Kwon Hyuk-bin to pay his ex-wife Lee Hwa-jin 2.55 trillion won in assets.[BBC News]
- The award includes a 35% stake in gaming firm Smilegate alongside 65 billion won in cash.[BBC News]
- Lee claimed founding contributions and child-rearing justified the split, which Kwon disputed by arguing she made no investments.[BBC News]
- Both parties retain the right to challenge the court's decision on appeal.[BBC News]
Key facts
- A South Korean court ordered Kwon Hyuk-bin to pay his ex-wife Lee Hwa-jin 2.55 trillion won in assets.[BBC News]
- The settlement transfers a 35% stake in Smilegate and 65 billion won in cash to Lee Hwa-jin.[BBC News]
- Lee argued she helped fund Smilegate at its start, while Kwon argued she neither invested nor worked for the firm.[BBC News]
What remains uncertain
- Whether either party will formally challenge the court's asset division ruling remains to be seen.[BBC News]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
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