SK Group Chairman Faces $645 Million Cash Test After Divorce Ruling
The judges used an earlier valuation of SK Group assets, and Chey’s lawyers said they are reviewing the ruling and may appeal again.
- On July 24, a South Korean court ordered Group Chairman Chey Tae-won to pay ex-wife Roh Soh-yeong $645 million in cash, concluding one of the nation's longest and most closely watched divorce battles.
- The case stems from a 2015 public confession where Chey sought a "clean end" to his 27-year marriage, admitting to an affair and fathering a child that ended South Korea's "marriage of the century."
- Roh had requested nearly $1 billion, arguing she deserved half of his wealth; her lawyers presented a handwritten note listing "Sunkyong" and 30 billion won to support claims her family helped build the empire.
- Shares of SK Telecom jumped more than 5 percent Friday as investors speculated the payout could lead to higher dividends, though market watchers view a stake sale as unlikely to weaken Chey's control.
- Chey's legal team is reviewing the ruling and has not ruled out an appeal to the Supreme Court, while heated online debate persists over whether Roh deserved a larger settlement.
12 Articles
12 Articles
South Korea's 'Divorce of the Century' Could Have Cost $940M: SK Billionaire Now Owes His Ex-Wife $644M
One of South Korea's richest businessmen has been ordered to pay his former wife 944B won ($644M) in what local media have dubbed the country's 'divorce of the century.' The Seoul High Court ruled that SK Group Chairman Chey Tae-won must make the massive payment to his ex-wife, Roh Soh-yeong, after revisiting an earlier decision that had awarded her an even larger 1.38T won ($940M) settlement. While the latest figure is significantly lower, the …
In a world where listed companies have become a kind of lightning rod of everything that's going on around them, the avatars of their presidents and CEOs have long since become a subject for debate between shareholders, stockholders and ‘takeholders in general, as if their own life had disappeared on the winding path of ascension in the hierarchy. The latest case involves the president of the corporate giant SK Group – which has several listed s…
After years of Rosenkrieg, a spectacular verdict has now been reached: South Korean AI billionaire Chey Tae-won has to pay his ex-wife Roh Soh-yeong around 568 million euros. For the time being, one of the most spectacular divorce processes in Asia ends, which is already called "dismissal of the century" because of its dimensions.The entrepreneur's ex-wife had even demanded half of his assets – almost a billion dollars.However, the appeal court …
Chey Tae-won, the chairman of the SK Group, has to pay his wife 568 million euros. The divorce proceedings took nine years.
SK Group chairman faces $645 million cash test after divorce ruling
A record South Korean divorce settlement has turned a private legal dispute into a test of how billionaire SK Group Chairman Chey Tae-won can raise substantial cash without weakening his position at one of the country’s largest conglomerates. The Seoul High Court ordered Chey to pay his former wife, Roh Soh-yeong, 944 billion won, or about $645 million. Although that amount is well below the 1.38 trillion won awarded by an appeals court in 2024,…
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