Tech titan ordered to pay ex-wife $644m in divorce settlement
Summary
A South Korean court has ordered Chey Tae-won, chairman of SK Group, to pay his ex-wife about $644 million in a divorce settlement. This decision follows a long legal battle over their assets after their 35-year marriage ended.Key Facts
- Chey Tae-won must pay 944 billion won (about $644 million) to his ex-wife Roh Soh-yeong.
- The original amount was 1.38 trillion won but was later reduced.
- The couple divorced after it was revealed Chey had a child with another woman.
- Roh is the daughter of Roh Tae-woo, South Korea's president from 1988 to 1993.
- SK Group is a major South Korean family-owned business that runs SK Hynix, a large chip maker.
- SK Hynix is linked to the global AI boom and has a recent $26.5 billion US stock market listing.
- The South Korean Supreme Court ruled some funds could not count as marital assets because they were illegally obtained.
- SK Group is the second largest chaebol in South Korea, after Samsung.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
