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South Korea’s ‘divorce of the century’ results in order for SK chair to pay ex-wife $640 million

The Associated Press· ·1 min read · 0 reactions · 0 comments · 4 views
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South Korea’s ‘divorce of the century’ results in order for SK chair to pay ex-wife $640 million
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The award to Roh, the director of a Seoul art museum, was lower than a 1.38 trillion won ($940 million) settlement ordered by the high court last year. Chey also was previously ordered to pay 2 billion won ($1.3 million) in alimony. The value of Chey’s assets increased in recent months.

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Fortune · The Associated Press
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A South Korean court on Friday ordered billionaire SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($640 million) in a case that the national media dubbed the “divorce of the century.”Recommended Video The Seoul High Court’s ruling came months after the Supreme Court ordered further review by the appellate court of the divorce case between Chey and Roh So-yeong, the daughter of former South Korean President Roh Tae-woo. The award to Roh, the director of a Seoul art museum, was lower than a 1.38 trillion won ($940 million) settlement ordered by the high court last year. Chey also was previously ordered to pay 2 billion won ($1.3 million) in alimony. The value of Chey’s assets increased in recent months.

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