Entertainment Mogul's Assets Seized in Messy Divorce
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Singer and producer J.Y. Park has suffered a provisional seizure of assets worth W3.5 billion in an acrimonious divorce (US$1=W1,109), it emerged Thursday.
Park's wife Seo Yoon-jeong last July filed for a provisional seizure of JYP Entertainment headquarters in Cheongdam-dong, Seoul worth W2 billion and a share of the couple's apartment worth W1.5 billion.
If divorce negotiations fall apart, things will get messier for both of them as Seo's request for provisional seizure is likely lead to a lawsuit. Park announced his divorce on his official homepage in March last year. Since the announcement, Park and Seo have been through two arbitration sessions but were unable to reach agreement.
Seo is seeking compensation for what she says is psychological damage inflicted by Park.
Park's wife Seo Yoon-jeong last July filed for a provisional seizure of JYP Entertainment headquarters in Cheongdam-dong, Seoul worth W2 billion and a share of the couple's apartment worth W1.5 billion.
If divorce negotiations fall apart, things will get messier for both of them as Seo's request for provisional seizure is likely lead to a lawsuit. Park announced his divorce on his official homepage in March last year. Since the announcement, Park and Seo have been through two arbitration sessions but were unable to reach agreement.
Seo is seeking compensation for what she says is psychological damage inflicted by Park.
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