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Song Joong-ki and Song Hye-kyo to split assets reportedly worth S$115m

The Descendants Of The Sun stars announced divorce proceedings in late Jun after getting married in 2017.

Song Joong-ki and Song Hye-kyo to split assets reportedly worth S$115m

Song Joong-ki and Song Hye-kyo in happier times. (Photo: Instagram/songjoongkionly

After announcing divorce proceedings last Thursday (Jun 27), Korean stars Song Joong-ki and Song Hye-kyo now have to decide on how to divide their assets.

READ: Descendants Of The Sun stars Song Joong-ki and Song Hye-kyo to divorce

Korean TV network Channel A reported that the former couple applied for a divorce mediation and not a divorce agreement, which means they haven’t agreed on certain details, likely to involve finances.

According to entertainment site Soompi, the couple have a reported combined wealth of over 100 billion won (S$115 million), which includes money earned from endorsements and advertisements as well as real estate. Both stars had already acquired a substantial amount of wealth prior to their marriage in Oct 2017.

South Korean daily Maeil Business Newspaper reported that Song Joong-ki earned about 40 billion won from advertisements alone while Song Hye-kyo has three properties in the Samseong neighbourhood in Seoul worth 20.6 billion won. She also has a condo in New York from the time she worked on the indie film Fetish in 2008, reportedly worth about S$2.3 million at the time of purchase.

READ: Descendants Of The Sun theme park in Korea to cancel annual couple festival

Agencies for both stars have stated that it’s unlikely the divorce mediation will turn into a lawsuit. The Maeil Business Newspaper also predicted that the couple will be able to split their property without any major conflict.

The former couple met while starring in the hit TV series Descendants Of The Sun and were married in 2017. Song Joong-ki’s lawyer confirmed that the actor filed for divorce at the Seoul Family Court on Jun 26. Meanwhile, Song Hye-kyo's agency had asked the public to avoid "speculative media reports and comments" on the split, adding that the reason for divorce was "a difference in personality".


Source: CNA/sr