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.
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. Bloomberg puts his net worth at $3bn.
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. He was also ordered to pay her an additional 65bn won in cash.
Kwon and Lee got married in 2001, a year before he founded Smilegate. Its best-known titles include the first-person shooter game CrossFire and the action role-playing game Lost Ark.