Record Divorce Payout Shakes South Korea's Gaming Industry

A South Korean court has ordered Smilegate's founder, Kwon Hyuk-bin, to pay a record-setting divorce settlement of 2.55 trillion won. The ruling demands the transfer of 35% company shares and cash, marking a significant financial event in South Korea's gaming sector.

In a landmark ruling, a South Korean court has mandated that Kwon Hyuk-bin, the founder of Smilegate, a prominent video game developer, must pay a record divorce settlement of 2.55 trillion won.

The court decreed the transfer of 35% of the company’s shares and cash to Kwon's wife, highlighting her significant contribution to the company's establishment and management.

This unprecedented settlement may surpass the previously high-profile case involving SK Group’s Chairman, further spotlighting the financial implications of high-stakes divorces in South Korea.