South Korean billionaire fights record $668M divorce payout to ex-wife
SK Group Chairman Chey Tae-won has appealed against a South Korean court ruling ordering him to pay 944 billion won (US$668.52 million) to his former wife Roh Soh-yeong in a record divorce settlement, his lawyers said.
A South Korean billionaire, Chey, is fighting a record $668 million divorce payout to his ex-wife as the Seoul High Court ruled in late July that he should make the cash payment as part of the marital asset division. This decision comes after the 1.38 trillion won award made by an appeals court in 2024, following the Supreme Court's rejection of alleged funds from Chey's father, former President Roh Tae-woo.
The payout remains the largest divorce asset settlement in South Korea, and Chey's appeal could prolong the case, drawing attention to his control of SK Group. The court assessed his wealth at around 4 trillion won, meaning the cash payout would consume close to a quarter of his fortune. The case has gained attention due to the AI boom, which has increased SK Group's semiconductor assets' value and, in turn, Chey's stake in his holding company.
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