SK Group Chairman Ordered to Pay $644 Million in High-Profile Divorce Settlement
Summary
The Seoul Family Court ordered SK Group chairman Chey Tae-won to pay his former spouse Roh Soh-yeong 944 billion won (about $644 million) as part of their divorce settlement, reducing the earlier 1.38 trillion won award from 2024. The case, dubbed the "divorce of the century" by South Korean media, stems from Chey's affair and the revelation that he fathered a child with another woman after 35 years of marriage.
Roh, daughter of former President Roh Tae-woo, had argued that her father's covert political fund contributed to Chey's business success; a lower court accepted this, but South Korea's Supreme Court overturned the ruling, stating the funds came from an illegal slush fund and could not be considered marital assets. Chey's lawyers said he feels "deeply sorry" for the public distress and will decide next steps after reviewing the decision, while SK Group's rise—boosted by AI-driven growth of subsidiary SK Hynix—has kept the case in the public eye.
(Source:Gyanhigyan)