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.
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95 Articles
Tech billionaire who cheated on his wife ordered to pay $644 million in South Korea's ‘divorce of the century’
A South Korean court has ordered SK Group chairman Chey Tae-won to pay his ex-wife, Roh Soh-yeong, $644 million in a divorce settlement, reducing an earlier award of $940 million.
SK Group chairman ordered to pay ex-wife $644 million in South Korean divorce ruling
A South Korean court ordered SK Group chairman Chey Tae-won to pay his ex-wife Roh Soh-yeong 944 billion won, roughly $644 million, in a divorce settlement that caps years of legal battles rooted in infidelity and a former president’s slush fund. The ruling, reported by BBC News, marks the latest turn in what Korean media...
The “divorce of the decade” has just been finalized. Multi-billionaire Chey Tae-won will pay his ex-wife just over 6 billion kronor.
Chey Tae-won, head of the SK conglomerate, and Roh Soh-yeong, daughter of the then president of South Korea, were married in 1988.But in 2015, he recognized an extramarital relationship and asked for divorce.It was the beginning of the battle for the millions.
For over ten years, tech billionaire Chey Tae-won and his ex-wife Roh Soh-yeong have been involved in an infected battle. Now, “folk hero” Chey is being forced to pay just over 6 billion kronor.
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