Tech titan ordered to pay ex-wife $644m in divorce settlement
A South Korean court has ordered SK Group chairman Chey Tae-won to pay his ex-wife 944 billion won in a high-profile divorce settlement. The ruling follows a long legal battle regarding the division of assets within one of the country's largest family-owned conglomerates.
Why it matters
The case highlights the immense wealth and influence of South Korean 'chaebols' and the legal complexities surrounding the division of assets in corporate dynasties.
Image source, Bloomberg via Getty Images Image caption, Chey Tae-won, chairman of SK Group
The chairman of corporate giant SK Group has been ordered by a South Korean court to pay his ex-wife 944bn won (£483m; $644m) in a case that local media has called the " divorce of the century ".
The award, which still needs to be finalised, is below the initial 1.38tn won that chairman Chey Tae-won was told to pay Roh Soh-yeong in 2024.
It comes more than a decade after his marriage to Roh - the daughter of a former president - fell apart following the revelation he had fathered a child with another woman.
SK Group runs SK Hynix, the semiconductor giant that supplies chips to Nvidia and recently made a record-setting debut on the US stock market .
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