South Korean Court Orders Record $1 Billion Divorce Settlement for SK Group Chairman

Chey Tae-won must pay ex-wife Roh Soh-Yeong in the largest divorce award in South Korea's history, with shares in SK Inc. surging post-ruling.

The Seoul High Court ruled Chey's shares in SK Inc. are joint property, overturning a 2022 lower court decision.
Roh Soh-Yeong, daughter of former President Roh Tae-woo, will receive 1.38 trillion won in cash.
Chey's lawyers plan to appeal, arguing the court accepted Roh's claims without sufficient evidence.
The court acknowledged Roh's contributions to SK Group's growth and her father's protective role in the business.
Shares of SK Inc. rose 9% following the verdict, reflecting investor speculation on future stock purchases.