16 Hrs
Source:
Sky News
Seoul's $1.9B Divorce Record
The article addresses two main issues: First, a court ruling in South Korea orders the founder of "Smile Gate" and billionaire, Ko Hyeok-Pyun, to pay a substantial settlement of $1.9 billion. The judgment includes the transfer of over 35% of the company's shares to his ex-wife, Lee Hwa-Jin, threatening a change in ownership of one of the country's largest gaming companies. Second, the ruling indicates that the value of the shares is estimated at approximately 7.1 trillion won and highlights that this case is among the biggest divorce cases in Korea. It also emphasizes the importance of assessing the spouses' contributions to the companies during marriage and the potential implications for company ownership and the rights of the parties involved.
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