Tech titan ordered to pay ex-wife Ksh83B in divorce settlement
SK Group chairman Chey Tae-won must pay his ex-wife 944bn won in a landmark South Korean divorce settlement.Summary
A South Korean court has ordered Chey Tae-won, chairman of the conglomerate SK Group, to pay his ex-wife, Roh Soh-yeong, 944bn won (£483m; $644m) in a case described as the "divorce of the century." This settlement is lower than a previous 2024 ruling of 1.38tn won, which was overturned by the Supreme Court after it was determined that certain assets derived from illegal slush funds could not be included in the division of marital property.
The legal battle follows the dissolution of the couple's 35-year marriage, which ended after Chey fathered a child with another woman. Roh Soh-yeong is the daughter of former South Korean President Roh Tae-woo. The case has drawn significant attention due to the immense wealth involved and the high profile of the parties, particularly as SK Group is South Korea's second-largest chaebol and its subsidiary, SK Hynix, plays a critical role in the global AI semiconductor market.
Chey Tae-won's legal team expressed regret for the public concern caused by the proceedings and stated they would review the ruling before providing a specific response. SK Group, which operates major entities like SK Telecom and SK Hynix, remains a dominant force in the South Korean economy, recently achieving a record-setting US stock market debut.
(Source：K24 Tv)