A South Korean court has ordered Chey Tae-won, chairman of SK Group, to pay his ex-wife Roh Soh-yeong 944 billion won ($644 million) in a divorce settlement, reducing an earlier award of 1.38 trillion won ($940 million). The ruling was issued on Friday, marking a significant adjustment in what has been termed South Korea's 'divorce of the century,' according to livemint.com.
The court's decision follows a high-profile legal dispute between Chey Tae-won and Roh Soh-yeong. The initial ruling had granted Roh Soh-yeong 1.38 trillion won, but the recent judgment lowered the settlement amount to 944 billion won. The case attracted widespread attention due to the substantial sums involved and the prominence of Chey Tae-won as the chairman of SK Group, a major conglomerate in South Korea, as reported by AFP via livemint.com.
This settlement is notable within the context of high-value divorce cases involving business magnates in South Korea, reflecting the financial stakes tied to corporate leadership and family disputes. The reduction from $940 million to $644 million also highlights the court's reassessment of asset division in such cases. SK Group's chairman is known for his role in the tech and AI sectors, adding further public interest to the legal proceedings, as detailed by livemint.com.
The court ruling was finalized on July 25, 2026, with the payment to be made by Chey Tae-won to Roh Soh-yeong as stipulated. This decision concludes a lengthy legal process that has been closely followed by media and industry watchers in South Korea, according to livemint.com.