Search results for asset division
Games & Commerce
Smilegate CVO Kwon Hyuk-bin appeals first ruling in divorce and asset split case
Kwon Hyuk-bin, founder and chief vision officer of Smilegate, has appealed a first-instance ruling in his divorce and asset division case with his spouse, identified only as Lee. Kwon’s side said efforts to maintain the marriage were not sufficiently reflected and it was difficult to accept an order to split 35 percent of Smilegate shares in kind. The Seoul Family Court had also ordered a cash payment of 65 billion won and rejected Lee’s claim for consolation money.
General News
Choi Tae-won appeals non-indictment in defamation case involving No So-young\'s lawyer
SK Group Chairman Choi Tae-won appealed prosecutors\' decision not to indict a lawyer representing No So-young over remarks that Choi spent more than 100 billion won on Kim Hee-young since 2015. Prosecutors cited insufficient evidence for defamation and said the remarks had some basis. Choi\'s side said the decision did not confirm the figures as fact and argued the actual amount spent as living expenses with Kim was about 2 billion won, with larger figures stemming from improperly aggregated expenditures.
Crypto
Bitcoin breaks $80,000 after three months, raising questions over South Korea digital asset regulation
Bitcoin has climbed above $80,000 for the first time in about three months, supported by a weaker dollar, expectations of clearer U.S. digital asset regulation and inflows into spot exchange-traded funds. In South Korea, discussions on a basic digital asset law have resumed, raising attention over whether it will lead to institutional changes such as corporate investment rules and spot ETF adoption. Key issues include exchange major shareholder limits and delayed guidelines for corporate trading.
