Korean game studio Smilegate founder Kwon Hyuk-bin has begun legal steps to end his marriage, industry and legal sources said Wednesday, it is expected to become one of the country s most expensive divorce cases.
Michael ByungJu Kim, MBK Partners founder and chairman, has ranked at the top of Forbes 2023 list of “Korea s 50 Richest.” It is the first time that the net worth of the private equity legend has overtaken that of Lee Jae-yong, executive chairman of Samsung Electronics, on Forbes annual billionaire list.
As Smilegate founder and Chief Visionary Officer (CVO) Kwon Hyuk-bin appears to be facing an imminent divorce with his wife, Lee Hwa-jin, media attention is already focusing on the couple s potential asset division, which is expected to be the highest amount ever seen in the country. According to industry insiders earlier this week, the Seoul Family Court recently granted an injunction filed by Kwon s wife, prohibiting him from selling off his owned shares.
The collective wealth of the 50 richest people in South Korea surged by over 40% to $156 billion, boosted by the country’s upbeat stock market and optimism over its economic recovery.