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S. Korea's 'Divorce of the Century' Ends in $645M Payout
Newser • • business
Key Points:
- A South Korean appeals court ordered SK Group Chair Chey Tae-won to pay his ex-wife Roh Soh-yeong approximately $645 million in a high-profile divorce settlement.
- The case, dubbed the "divorce of the century," followed nearly a decade of legal battles after Chey revealed his intention to divorce in 2015 and disclosed he had a child with another woman.
- Roh, an art museum director and daughter of a former South Korean president, sought half of Chey's estimated $5 billion fortune, largely tied to SK Hynix shares.
- Judges valued Chey's wealth at an earlier time before the surge in SK shares, making the settlement one of the largest divorce payouts in South Korean history.
- The couple finalized their divorce last year, share three adult children, and both parties retain the option to appeal to South Korea’s Supreme Court.
