Seoul court orders Smilegate founder to pay record $1.87bn divorce settlement
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Neutral summary
A Seoul family court on September 9 ordered Kwon Hyuk-bin, founder of South Korean game developer Smilegate, to pay his ex-wife Lee Hwa-jin 2.55 trillion won (about $1.87 billion) — the largest divorce settlement in the country's history. Under the ruling, Lee will receive a 35% stake in Smilegate valued at roughly 2.5 trillion won plus 65 billion won in cash. Kwon previously held full control of the company. The court said the marriage was “irreparably broken” and granted the divorce petition filed by Lee in November.
How it was framed
Outlets: 16. Countries: 8. Facts in the shared core: 4.
Publication timeline
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Malay Mail (outlet profile)
South Korea issues largest‑ever divorce award as video game tycoon ordered to pay RM6.09b. SEOUL, Sept 9 — A Seoul court today ordered South Korean video game tycoon Kwon Hyuk-bin to pay more than 2 trilli...
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Channel NewsAsia (outlet profile)
South Korea video game tycoon to pay record US$1.5 billion in divorce
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BFMTV (outlet profile)
Le travail au foyer lui rapporte 1,3 milliard d’euros: encore un divorce record d'un milliardaire de la tech qui secoue la Corée du Sud. Le fondateur sud-coréen de Smilegate, créateur du phénomène mondial Crossfire, a é…
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Yonhap News Agency (English) (outlet profile)
Court orders Smilegate founder to pay wife record 2.55 tln won in divorce. SEOUL, Sept. 9 (Yonhap) -- A court on Wednesday ordered Kwon Hyuk-bin, the found...
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BBC News (outlet profile)
Tycoon to pay ex-wife $1.87bn in record South Korea divorce settlement. The billion dollar payout marks the largest divorce settlement in the country's history.
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CNews (outlet profile)
Corée du Sud : un magnat des jeux vidéo condamné à céder l'équivalent de 1,5 milliard de dollars à son ex-épouse. Le tribunal des affaires familiales de Séoul a, ce mercredi, condamné le magnat sud-coréen du jeu vidéo K…
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Yonhap News Agency (English) (outlet profile)
SK chairman to accept 700 bln won in divorce settlement, dispute rest at top court. SEOUL, Sept. 9 (Yonhap) -- SK Group Chairman Chey Tae-won will accept 700 billio...
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www.rbc.ru (outlet profile)
Суд в Южной Корее назначил крупнейший в стране раздел имущества. Суд Сеула обязал южнокорейского магната в сфере видеоигр Квон Хёк Бина выплатить более 2 трлн вон (около $1,5 млрд) в рамках бракоразводного процесса…
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Коммерсантъ (outlet profile)
Корейский миллиардер Квон Хек Бин заплатит жене после развода $1,9 млрд. Сеульский суд по семейным делам постановил, что 52-летний миллиардер Квон Хек Бин — основатель разработчика игр Smilegate — должен заплатить своей…
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The Independent (outlet profile)
Billionaire businessman to fight £134 million payout in ‘divorce of the century’. SK Group Chairman Chey Tae-won and Roh Soh-yeong married in 1988 and have three children
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The Independent (outlet profile)
Billionaire South Korean businessman fights £134m divorce payout
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Folha de S.Paulo (outlet profile)
Magnata dos videogames terá de pagar R$ 8 bilhões em acordo recorde de divórcio, decide tribunal. Um tribunal de Seul determinou nesta quarta-feira (9) que o magnata sul-coreano dos videogames Kwon Hyuk-Bin pague mais d…
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UOL (outlet profile)
Magnata dos videogames terá de pagar R$ 8 bilhões em acordo recorde de divórcio, decide tribunal. Um tribunal de Seul determinou nesta quarta-feira (9) que o magnata sul-coreano dos videogames Kwon Hyuk-Bin pague mais d…
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News.ru (outlet profile)
Суд обязал миллиардера оставить экс-супруге рекордную сумму после развода. В Южной Корее суд присудил $1,5 млрд бывшей жене магната Квон Хек Бина
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La Dépêche (outlet profile)
Elle réclamait la moitié de sa fortune : le fondateur d’un empire du jeu vidéo doit céder 1,3 milliard d’euros à son ex-femme après leur divorce. La justice sud-coréenne a ordonné, mercredi 9 septembre, à Kwon Hyuk-bin,…
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N1 Srbija (outlet profile)
Rekordna brakorazvodna nagodba u Južnoj Koreji: Biznismen mora bivšoj supruzi da isplati 1,87 milijardi dolara. Južnokorejski sud je naložio biznismen Kvon Hjuk-binu da isplati svojoj bivšoj supruzi odštetu u iznosu od…
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Tanjug (outlet profile)
Južnokorejski biznismen mora da isplati bivšoj ženi 1,9 milijardi dolara
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O Globo (outlet profile)
Magnata sul-coreano é condenado a pagar R$ 9,7 bilhões à ex-mulher em acordo de divórcio mais caro da história do país. O magnata sul-coreano do setor de videogames Kwon Hyuk-bin foi condenado por um tribunal da Coreia…
Factual core
- A South Korean court ordered billionaire Kwon Hyuk-bin to pay his ex-wife a record $1.5 billion in a divorce settlement.
- The divorce settlement is the largest asset division ever granted in South Korea.
- The payment is part of a divorce settlement.
- The settlement amount of US$1.5 billion is unprecedented in South Korean legal history.