“If Jung Woo-sung divorces Moon Gabi after marriage, he may have to pay close to 10 billion won.”
An analysis has been made that the reason actor Jung Woo-sung did not marry model Moon Ga-bi even after having a child out of wedlock was because there was a high risk of property division in the event of divorce.
Attorney Ahn Se-hoon (Jeonghyang Law Firm) said on his YouTube channel on the 25th, “Jung Woo-sung’s decision not to marry Moon Ga-bi and only give her child support is very natural.”
Attorney Ahn said, “If we estimate Jung Woo-sung’s assets based on a blog post in 2021, Jung Woo-sung received more than 700 million won per CF. “It appears that he received 100 million won per episode in drama appearance fees,” he said. “It appears that advertising revenue exceeds 40 billion won and he owns more than 20 billion won in real estate. He explained, “At this time, his assets are at least 60 billion won.”
He said, “Jung Woo-sung may get married and live well, but if he gets divorced, Korea’s scary ‘5 years of cost-effectiveness, 10 years of promise’ rule will apply.” The rule is that if you live for 5 years, you must give 30% of your assets to your spouse, and if you live for 10 years, you must give 50% of your assets to your spouse.
Attorney Ahn said, “In the case of Jung Woo-sung, if he divorces after 5 years of marriage, he must pay 18 billion won in property division, and if he divorces after 10 years, he must pay 30 billion won in property division.” “It may not be up to 50%, but we have to give at least close to 10 billion won,” he explained.
He continued, “From Jung Woo-sung’s point of view, he was not in a relationship with Moon Ga-bi. However, if you have a child, get married, and then get divorced, you have to pay 10 billion won, which can be a bit much.”
He continued, “You have to pay child support until your child becomes an adult, so if you give about 36 million won a year, even over 20 years, it will only be 720 million won.” He added, “But Jung Woo-sung only gives 3 million won a month to his child.” Do you understand? I think they will give more. Still, it is advantageous for Jung Woo-sung to choose this side,” he added.
Attorney Ahn pointed out, “The tone of our court’s property division ruling is contributing to the increased risk of marriage.”
He said, “If Jung Woo-sung (spouse) had fed and supported Jung Woo-sung before he became a top star, it would be right to give him half of his assets as his contribution was recognized.” “It is problematic to take 50% or 30% just because we spent money together,” he said, emphasizing the need for an upper limit on property division.
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What are the financial risks associated with celebrity marriages, especially in cases of divorce?
Time.news Interview: Understanding the Financial Implications of Celebrity Relationships
Editor: Welcome to Time.news, where we delve into current events affecting our society. Today, we’re discussing the complex financial dynamics surrounding the relationship of South Korean actor Jung Woo-sung and model Moon Ga-bi, especially in light of their recent situation. Joining us is Attorney Ahn Se-hoon from Jeonghyang Law Firm, who has provided an insightful analysis on this topic. Thank you for being here, Attorney Ahn.
Attorney Ahn: Thank you for having me.
Editor: To start off, can you summarize why Jung Woo-sung has chosen not to marry Moon Ga-bi after having a child together?
Attorney Ahn: Certainly. The primary reason for Jung Woo-sung’s decision appears to stem from the significant financial risks associated with marriage and subsequent divorce. Based on my analysis, if he were to marry and later divorce, he could potentially face a property division of close to 10 billion won, which is quite substantial.
Editor: That’s a staggering amount. Can you walk us through how these figures are calculated?
Attorney Ahn: Of course. In South Korea, the law has very specific guidelines regarding property division in the event of a divorce. If a couple has been married for five years, the spouse could receive up to 30% of the actor’s assets, and after ten years, that could rise to 50%. Given Jung Woo-sung’s estimated assets—more than 60 billion won—this means if he were to divorce after five years, he might owe 18 billion won, and after ten years, potentially 30 billion won.
Editor: It sounds like his financial situation significantly weighs into his decision. But what about the child support aspect?
Attorney Ahn: Great point. Based on the current arrangements, Jung Woo-sung reportedly provides around 3 million won a month for child support. The court typically determines this amount by income bracket, which means that for high earners, like Jung Woo-sung, the calculation can seem inadequate. This amount over 20 years would total only about 720 million won, which is not equivalent to what he might owe in a divorce settlement.
Editor: So, in essence, by opting for child support rather than marriage, he could be minimizing his financial exposure?
Attorney Ahn: Precisely. From a financial perspective, it’s advantageous for him to utilize the child support system without the marriage entanglement. Plus, he has the freedom to structure his contributions in a way that significantly reduces risk.
Editor: You mentioned a legal framework that influences the perception and risks of marriage in South Korea. Can you elaborate on that?
Attorney Ahn: Certainly. The so-called “5 years of cost-effectiveness, 10 years of promise” rule can create apprehension about marriage. Many people feel it’s unfair to have to split assets simply based on the passage of time and shared expenses, especially if one partner contributed significantly less, such as during the early stages of someone’s career. This contributes to a growing concern about marriage, especially among high-income earners.
Editor: That’s a fascinating insight into societal trends regarding marriage. What do you believe this means for the future of relationships among celebrities and affluent individuals in Korea?
Attorney Ahn: It indicates a potential decline in traditional marriages among wealthier individuals. As financial consequences loom large, many may choose to either remain unmarried or find alternative relationship structures that minimize risks. Furthermore, this scenario reflects broader anxieties in society regarding financial security and partnership.
Editor: Thank you, Attorney Ahn, for shedding light on such a nuanced topic. It’s clear that relationships, especially in the limelight, are influenced by more than just emotions; legal and financial realities play a substantial part.
Attorney Ahn: Thank you for having me. It’s essential to have these discussions about the implications of personal choices, especially when they intertwine with public interest.
Editor: We appreciate your insights. This conversation certainly highlights the intersection of law, personal relationships, and financial planning in our society. Thank you to our audience for joining us today on Time.news.