Photo: reuters.com
SK Group's Chey Tae-won Scores Legal Win in Billion-Dollar Divorce Settlement Battle
SK Groups Chey Tae-won received a temporary legal victory as South Koreas Supreme Court sent his massive divorce settlement case back for review, impacting his financial obligations to estranged wife Roh So-yeong.
- On October 16, the Supreme Court of the United States remanded Chey Tae-wons divorce case to a lower court, challenging a previous record alimony ruling of 1.38 trillion won.
- The Seoul High Court had previously mandated that Chey Tae-won, Chairman of SK Group, pay his estranged wife Roh So-yeong approximately $972.5 million in their divorce settlement.
- This legal battle, concerning a significant financial settlement, highlights the complexities and public interest surrounding high-profile divorces in South Korea, particularly involving prominent figures like Chey Tae-won.
Why It Matters
This case underscores the intricate legal landscape of divorce settlements in South Korea, especially for influential business leaders like Chey Tae-won of SK Group. It raises questions about the implications of wealth and equity in such high-stakes personal disputes.