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Chey Tae Won

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AI Surge Fails to Boost Ex-Wife's Share in SK Group Divorce
business1 month ago

AI Surge Fails to Boost Ex-Wife's Share in SK Group Divorce

In South Korea’s high-profile “divorce of the century,” Chey Tae-won’s SK Group was ordered to pay his ex-wife Roh Soh-yeong 944 billion won ($644 million), a figure that preserves Roh’s roughly one-third share and Chey’s two-thirds, despite a fivefold AI-fueled rise in chipmakers’ values. The court valued assets as of 2024, before the AI boom, and the amount is lower than earlier rulings that proposed around $1 billion. The Supreme Court had previously overturned a larger award, and the latest ruling keeps Roh’s payout within the historic asset-division framework, underscoring how AI-driven market surges interact with long-running divorces and asset splits.

SK Group Chair Ordered to Pay $1 Billion in Record Divorce Settlement
world-news2 years ago

SK Group Chair Ordered to Pay $1 Billion in Record Divorce Settlement

A South Korean court has ordered SK Group chairman Chey Tae-won to pay his wife Roh So-young a record $1 billion divorce settlement, significantly increasing the amount from a previous ruling. The court recognized Roh's contributions to Chey's business success and took into account her emotional suffering due to Chey's extramarital affair. Chey's legal team plans to appeal the decision.