Story thread · 4 reports / 3 sources

W2.55tr divorce ruling could reshape Smilegate ownership

koreaherald.com · 5dShare

A record-breaking divorce settlement of 2.55 trillion won ($1.9 billion) is on pace to rattle the shareholder dynamics of Korean gaming powerhouse Smilegate, a private company held entirely by its founder Kwon Hyuk-bin, if the ruling stands. The Seoul Family Court on Wednesday ordered Kwon, Smilegate’s chief visionary officer, to hand over 35 percent of his shares in his company plus 65 billion won in cash after ruling in favor of Kwon’s wife, identified by her surname Lee. The court estimated K

First report: Smilegate founder ordered to transfer 35% stake in record divorce ruling — koreaherald.com, 6d