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[BUSINESS] · South Korea · 22 sources

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Chey Tae‑won Ordered to Pay $644 Million in South Korea’s ‘Divorce of the Century’

The Seoul High Court ruled that Chey Tae‑won, chairman of the SK Group conglomerate, must pay his ex‑wife Roh Soh‑yeong 944 billion won (about $644 million) as part of their divorce settlement. The judgment reduces an earlier 2024 award of 1.38 trillion won, which had been based on a valuation that included a disputed slush‑fund contribution from Roh’s father, former President Roh Tae‑woo.

The court divided the marital estate, granting Roh one‑third of the assets and Chey two‑thirds. Asset valuation considered the rapid rise in SK Group’s holdings, especially the AI‑driven boom in SK Hynix, which has pushed the subsidiary’s market value past $1 trillion. The ruling is not final; Chey’s lawyers say they are reviewing the decision and may appeal. To meet the cash payout, Chey may need to raise funds through loans, asset sales, or using his SK Group shareholdings as collateral. The case, dubbed the “divorce of the century,” has dominated South Korean media and raised questions about the financial handling of the country’s largest family‑owned conglomerates.

Entities

Chey Tae-won · Chey Tae‑won · Roh Soh-yeong · Roh Soh‑yeong · Roh Tae-woo · Roh Tae‑woo · SK Group · SK Hynix

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