Chey Tae-won is ordered to pay his ex-wife Roh Soh-yeong 944 billion won in a high-profile South Korean divorce ruling.
Chey Tae-won, the chairman of the SK Group conglomerate, has been ordered by a South Korean court to pay his ex-wife Roh Soh-yeong 944 billion won. The ruling concludes a high-stakes legal battle over the "divorce of the century," which began after Chey publicly admitted to fathering a child with another woman. The award follows a complex deliberation regarding the division of assets within one of South Korea's largest business empires. While Roh Soh-yeong initially sought a larger payout based on alleged slush funds provided by her father, the Supreme Court ruled those funds were illegally obtained. Consequently, the court focused on the current value of the SK Group fortune, which has surged due to the artificial intelligence boom. Chey Tae-won expressed regret for the public concern caused by the proceedings. The ruling highlights the massive growth of SK Hynix, a subsidiary that recently made a record-setting debut on the US stock market.