South Korean court orders SK Chairman Chey to pay $640 mln to ex-wife in divorce ruling
The court said Roh Soh-yeong is entitled to one-third of the couple’s marital assets after revisiting the value of Chey Tae-won’s SK Group stake.
- On Friday, Seoul High Court ordered SK Group Chairman Chey Tae-won to pay his ex-wife Roh Soh-yeong 944 billion won following a Supreme Court directive to reconsider a 2024 settlement.
- A Supreme Court ruling last year excluded a 30 billion won slush fund allegedly from Roh's father, former President Roh Tae-woo, after finding the funds likely stemmed from illegal bribes and should not count toward asset division.
- Judges determined Roh contributed through "homemaking, childcare and public-facing activities," while Chey's stake in the Group is now valued at roughly $5.5 billion, substantially increasing during the marriage.
- Although trimmed from the 1.38 trillion won awarded in 2024, the settlement is not yet final; either party may refer the case back to the Supreme Court for further review.
- Dubbed the "divorce of the century" by local media, this litigation concludes a decades-long dispute over assets accumulated since the couple married in 1988, despite living apart for more than 15 years.
54 Articles
54 Articles
The boss of the South Korean SK Group was sentenced on Friday to pay his ex-wife $907 million to pay for the "divorce of the century".
Billionaire businessman ordered to pay ex-wife £480 million in ‘divorce of the century’ – UK Times
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails A South Korean court ordered billionaire SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won (£480 million) in a case that the national media dubbed the “divorce of the century.” The Seoul High Court’s ruling on Friday came months after the Supreme …
The Seoul High Court determined on Friday (24) that the billionaire Chey Tae-won, president of the SK Group conglomerate and the chip maker SK Hynix, pays 944 billion won (about R$ 3.27 billion) to the ex-wife, Roh Soh-yeong. The case, known in South Korea as the "divorce of the century", closes another chapter of a judicial dispute initiated after the end of the marriage of 34 years of the couple, although it still seems recourse to the Supreme…
The amount is lower than the approximately $1 billion awarded by a court in 2024 - The divorce became known in 2015, when the head of the SK Group admitted that he had fathered a child with his mistress.
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