Smilegate founder ordered to transfer 35% of his shares to ex-wife, Korea JoongAng Daily reports
The 2.55 trillion won ($1.8 billion) asset-transfer decision could reshape Smilegate’s governance if upheld on appeal, Korea JoongAng Daily reports.
TLDR
Korea JoongAng Daily reports that the Seoul Family Court ordered Smilegate founder and chief visionary officer Kwon Hyuk-bin to transfer 35% of his shares in Smilegate Holdings and other companies to his ex-wife in a divorce ruling. The newspaper says the 2.55 trillion won ($1.8 billion) decision could reshape governance at the privately held game maker if upheld on appeal.
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