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He confessed to having another family, asked for a divorce and the Justice ordered him to pay US$644 million
AR🏛️ PoliticsCenteryesterday

He confessed to having another family, asked for a divorce and the Justice ordered him to pay US$644 million

The South Korean billionaire Chey Tae-won, president of the SK Group, has been ordered by a Seoul appellate court to pay $644 million (944 billion won) to his former wife, Roh Soh-yeong, concluding part of a high-profile divorce case known as 'the divorce of the century.' The ruling determines that a significant portion of Chey’s assets, including shares in SK Inc., are considered marital property because both spouses contributed to building and growing the fortune during their nearly three-decade marriage. The legal battle began in 2017 after Chey initiated divorce proceedings, with the main dispute focusing on ownership of SK Inc. shares. Chey argued these were gifted by his father, while Roh claimed they were purchased using undeclared funds from her father, former President Roh Tae-woo. In 2024, a previous ruling had awarded Roh $955 million, but this was overturned by the Supreme Court, which questioned the legitimacy of the funds used. The new decision reflects a recalculated compensation based on the court’s reconsideration.

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He confessed to having another family, asked for a divorce and the Justice ordered him to pay US$644 million

The South Korean billionaire Chey Tae-won, president of the SK Group, has been ordered by a Seoul appellate court to pay $644 million (944 billion won) to his former wife, Roh Soh-yeong, concluding part of a high-profile divorce case known as 'the divorce of the century.' The ruling determines that a significant portion of Chey’s assets, including shares in SK Inc., are considered marital property because both spouses contributed to building and growing the fortune during their nearly three-decade marriage. The legal battle began in 2017 after Chey initiated divorce proceedings, with the main dispute focusing on ownership of SK Inc. shares. Chey argued these were gifted by his father, while Roh claimed they were purchased using undeclared funds from her father, former President Roh Tae-woo. In 2024, a previous ruling had awarded Roh $955 million, but this was overturned by the Supreme Court, which questioned the legitimacy of the funds used. The new decision reflects a recalculated compensation based on the court’s reconsideration.

Bias read (Center): The article presents the legal and financial aspects of the divorce case between two prominent figures, Chey Tae-won and Roh Soh-yeong, without overtly favoring either side. It provides balanced descriptions of both parties' arguments regarding the origin of the assets and includes the court's legal

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