Kwon Hyuk-bin: Tycoon to pay ex-wife $1.87bn in record South Korea divorce settlement
Asia-PacificSportsHigh confidence — 84/100
A South Korean court has ordered gaming tycoon Kwon Hyuk-bin to pay his ex-wife 2.55tr won ($1.87bn; £1.38bn) in assets, marking the largest divorce settlement in the country's history.
Kwon, who founded South Korea's third-largest video game company Smilegate, is one of the country's richest men.
Smilegate was wholly owned by him until Wednesday when a court ruled that a 35% stake, valued at about 2.5tr won, be transferred to his wife Lee Hwa-jin.
Confirmed
A South Korean court has ordered gaming tycoon Kwon Hyuk-bin to pay his ex-wife 2.55tr won ($1.87bn; £1.38bn) in assets, marking the largest divorce settlement in the country's history.
Kwon, who founded South Korea's third-largest video game company Smilegate, is one of the country's richest men.
Unverified
Smilegate was wholly owned by him until Wednesday when a court ruled that a 35% stake, valued at about 2.5tr won, be transferred to his wife Lee Hwa-jin.