Fortune· 1h ago· 1 min read
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.”
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. Shares of SK Hynix , SK’s semiconductor affiliate, have surged with the global artificial intelligence boom.
The high court’s previous ruling was based in part on its finding that…
Continue reading at FortuneDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Form 4 Valvoline Inc For: 24 July
6m ago
Read MoreEarnings call transcript: Financial Institutions tops Q2 2026 estimates
7m ago
Read MoreCBB Bancorp declares $0.125 quarterly dividend
9m ago
Read MoreHSBC starts SpaceX at Hold, sees execution risks tempering long-term AI ambitions
9m ago
Read MoreTruist raises United Rentals stock price target on strong demand
10m ago
Read MoreTD Cowen raises Blackstone stock price target to $145 on inflection point view
10m ago
Read MoreLatest in Business
Truist raises Quest Diagnostics stock price target on strong results
Investing.com · 10m ago
The Club's top 10 things to watch in the stock market Friday
CNBC · 15m ago
Intel reported a huge earnings beat. Analysts are on the fence regarding the chipmaker
CNBC · 23m ago
White House officially asks permission to change name of Penn Station after hinting it will be called ‘Trump’
Fortune · 42m ago
I spent $320 on dinner for 2 at Gordon Ramsay Steak. It was worth the splurge, apart from one dish.
Business Insider · 17m ago
Trump promises cheaper power from data centers. Analysts say bills could jump 40%
Fortune · 45m ago
Elena Kagan denies that Supreme Court is Trump’s ‘puppet,’ claiming they’ve checked him ‘on some big issues’
Fortune · 54m ago
Why did a Maine town fine a family that put up a giant metal rooster to support their daughter with autism?
Fortune · 58m ago
Most Read Today
US lawmaker seeks Nnamdi Kanu’s release
Punch · 4h ago
Ukraine drone attack hits Russia’s Amazon warehouse
Punch · 7h ago
26-year-old quit her corporate job to become a seamstress at Yellowstone National Park for $19.25/hour
CNBC · 5d ago
Kano govt declares ‘Daba’ illegal, orders crackdown on practice
Daily Post · 5h ago
Aggrieved APC Aspirants In Ondo, Benue Challenge NWC’s Decision In Court
New Telegraph · 7d ago
Form 4 National Storage Affiliates Trust For: 22 July
Investing.com · 2d ago
I traveled abroad with my 78-year-old parents. It was tougher than traveling with toddlers — and I learned some lessons the hard way.
Business Insider · 5d ago
KKR, AEW seek buyers for China property assets amid market slump - Bloomberg
Investing.com · 4d ago