Seoul Court Orders Smilegate Founder To Transfer Shares In Record Divorce Settlement

According to The Korea Herald, the Seoul Family Court on Wednesday ordered Smilegate founder and chief visionary officer Kwon Hyuk-bin to transfer 35% of his shares in the private gaming company and pay 65 billion won in cash after ruling in favor of his wife, identified by her surname Lee. The court set the divorce settlement at 2.55 trillion won ($1.9 billion), which would be a record if the ruling stands. Smilegate is wholly owned by Kwon.