Tech titan ordered to pay ex-wife $644m in divorce settlement
📰 source: bbc_business · 💼 business
chey tae-won, chairman of sk group, was ordered by a south korean court to pay his ex-wife 944bn won ($644m) in a divorce settlement. the award is lower than the 1.38tn won initially ordered in 2024, which was overturned by the supreme court last year. the marriage collapsed after chey fathered a child with another woman over a decade ago.
roh soh-yeong, the ex-wife and daughter of former president roh tae-woo, had argued that chey benefited from her father's slush funds. the supreme court ruled those funds were illegally obtained and not part of marital assets. sk group, south korea's second-largest chaebol, runs sk hynix, which supplies chips to nvidia and recently raised $26.5bn in a record us listing.
chey's lawyers expressed regret for public concern. the case has gripped south korea, highlighting the intersection of family dynasties, corporate power, and personal scandals.
why it matters: high-profile divorce underscores asset division challenges in south korea's chaebol dynasties, with implications for corporate governance and family wealth.
source: bbc_business
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