South Korean tycoon Chey Tae-won has been ordered to pay his ex-wife, Roh So-young, a record 1.38 trillion won ($1 billion; £788 million) in cash, marking the largest divorce settlement in the country's history.
South Korean tycoon Chey Tae-won has been ordered to pay his ex-wife, Roh So-young, a record 1.38 trillion won in cash, marking the largest
The court determined that Roh was entitled to a portion of Chey’s company shares, a significant increase from the 66.5 billion won settlement awarded by a lower court in 2022.His lawyers argue that the court accepted “Roh’s one-sided claim as factual.” The High Court’s ruling reversed the lower court’s decision, which had previously denied Roh’s request for a portion of Chey’s SK shares.
The court estimated Chey’s wealth at approximately 4 trillion won, granting Roh an estimated 35% share of his assets. The court criticised Chey’s conduct during the trial, stating that he had shown “no signs of remorse for his foul behavior” nor respect for monogamy, and considered Roh’s suffering due to his extramarital affair in its judgment.
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