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Originally published by Capital Businessbusiness
October 16, 2025
2d ago
S Korea tycoon escapes paying $1bn in ‘divorce of the century’
OCT 16 - South Korea's Supreme Court has struck down a lower court's order for billionaire Chey Tae-won to pay his ex-wife a 1.38tn won ($1bn; £788m) Kenya breaking news | Kenya news today |..
✨ Key Highlights
South Korea's Supreme Court has overturned a $1 billion divorce settlement awarded to Roh So-young, ex-wife of billionaire Chey Tae-won, in a case dubbed the “divorce of the century.” The court cited a miscalculation of asset values, ordering a review of the case.
- The original settlement of 1.38 trillion won ($1 billion), awarded in 2024, was South Korea's largest divorce payout.
- The case involves Chey Tae-won, head of the powerful SK Group conglomerate, and Roh So-young, daughter of former president Roh Tae-woo.
- The Supreme Court ruled that a 30 billion won slush fund from Ms. Roh's father, previously considered her contribution to joint assets, originated from "bribes illegally received" and cannot be part of the couple's assets.
- The court upheld a 2 billion won alimony payment for Ms. Roh, but shares of SK fell 5.4% after the ruling.
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