{"id":833,"date":"2026-07-25T20:02:26","date_gmt":"2026-07-25T20:02:26","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=833"},"modified":"2026-07-25T20:02:26","modified_gmt":"2026-07-25T20:02:26","slug":"sk-group-chairman-ordered-to-pay-ex-wife-record-645m-in-divorce","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=833","title":{"rendered":"SK Group chairman ordered to pay ex-wife record $645M in divorce"},"content":{"rendered":"
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A South Korean court ordered billionaire SK Group Chairman Chey Tae-won to pay his former wife more than $640 million in a divorce settlement that could force him to sell assets, borrow money or pledge shares as collateral.<\/p>\n
The Seoul High Court ruled Friday that Chey must pay Roh Soh-yeong 944 billion won (about $645 million), marking the largest divorce asset award in South Korean history. It’s been dubbed the so-called “divorce of the century.”<\/p>\n
The payout is substantially lower than the 1.38 trillion (about $935 million) won awarded by an appeals court in 2024, but the revised judgment has renewed investor scrutiny of Chey\u2019s holdings and how he could finance the payment.<\/p>\n
Chey Tae-won, the chairman of SK Group semiconductor and memory chip company SK Hynix.<\/span> (Angelina Katsanis\/Reuters)<\/span><\/p>\n<\/div>\n<\/div>\n
Analysts said Chey may need to sell assets or borrow against his shares, though they do not expect the award to threaten his control of SK Group.<\/p>\n
RELATIONSHIP EXPERT CHALLENGES ONE OF AMERICA’S ASSUMPTIONS ABOUT DIVORCE<\/strong><\/p>\n
Chey owns a 17.9% stake in SK Inc., the conglomerate\u2019s holding company, and has an estimated fortune of $5.4 billion, according to Forbes.<\/p>\n
The court ordered Chey to make the payment in cash rather than transfer stock, citing the importance of his shares to maintaining control of the conglomerate.<\/p>\n
Chey Tae-won, chairman of SK Group, center, and Kwak Noh-jung, president and chief executive officer of SK Hynix Inc., center left, and Koh Seung-beom, chairman of SK Hynix Inc., center right, ring the opening bell during the company’s initial public<\/span> (Michael Nagle\/Bloomberg via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
Shares of SK Inc. closed 3.8% lower Friday, while SK Hynix fell 8.3% in Seoul trading following the ruling.<\/p>\n
SK Group\u2019s profile has risen sharply during the artificial intelligence boom through SK Hynix, a major supplier of high-bandwidth memory chips used with Nvidia\u2019s AI processors.<\/p>\n
Chey Tae-won, chairman of SK Group, in New York City.<\/span> (Michael Nagle\/Bloomberg via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
Judges awarded Roh one-third of the couple\u2019s marital property after finding that she contributed to preserving and increasing the family\u2019s wealth during the marriage.<\/p>\n
The ruling followed a South Korean Supreme Court decision rejecting claims that alleged financial support from Roh\u2019s father, former President Roh Tae-woo, should be included in the asset calculation.<\/p>\n
CLICK HERE TO GET FOX BUSINESS ON THE GO<\/strong><\/p>\n
Either side may appeal the ruling, potentially sending the property-division dispute back to the Supreme Court.<\/p>\n
Reuters contributed to this report.<\/i><\/p>\n<\/div>\n
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<\/source><\/source><\/source><\/source><\/picture><\/div>\n![\"Chey](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/07\/931\/523\/chey-tae-won-sk-hynix.jpg?ve=1&tl=1\")
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