{"id":782846,"date":"2026-07-25T01:00:19","date_gmt":"2026-07-25T01:00:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/782846\/"},"modified":"2026-07-25T01:00:19","modified_gmt":"2026-07-25T01:00:19","slug":"sk-group-chairman-ordered-to-pay-ex-wife-record-645m-in-divorce","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/782846\/","title":{"rendered":"SK Group chairman ordered to pay ex-wife record $645M in divorce"},"content":{"rendered":"\n<p>Check out what&#8217;s clicking on FoxBusiness.com.<\/p>\n<p>A <a href=\"https:\/\/www.foxbusiness.com\/category\/asia\" target=\"_blank\" rel=\"noopener nofollow\">South Korean<\/a> court ordered billionaire SK Group Chairman Chey Tae-won to pay his former wife more than $640 million in a divorce settlement that could force him to sell assets, borrow money or pledge shares as collateral.<\/p>\n<p>The Seoul High Court ruled Friday that Chey must pay Roh Soh-yeong 944 billion won (about $645 million), marking the largest divorce asset award in South Korean history. It&#8217;s been dubbed the so-called &#8220;divorce of the century.&#8221;<\/p>\n<p>The payout is substantially lower than the 1.38 trillion (about $935 million) won awarded by an appeals court in 2024, but the revised judgment has renewed <a href=\"https:\/\/www.foxbusiness.com\/category\/fox-news-investment\" target=\"_blank\" rel=\"noopener nofollow\">investor<\/a> scrutiny of Chey\u2019s holdings and how he could finance the payment.<\/p>\n<p>     <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/5eba1eba-chey-tae-won.jpg\" alt=\"Chey Tae-won in New York City.\"\/> <\/p>\n<p>Chey Tae-won, the chairman of SK Group semiconductor and memory chip company SK Hynix. (Angelina Katsanis\/Reuters)<\/p>\n<p>Analysts said Chey may need to sell assets or borrow against his shares, though they do not expect the award to threaten his control of SK Group.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/relationship-expert-challenges-one-americas-biggest-assumptions-divorce\" target=\"_blank\" rel=\"noopener nofollow\">RELATIONSHIP EXPERT CHALLENGES ONE OF AMERICA&#8217;S ASSUMPTIONS ABOUT DIVORCE<\/a><\/p>\n<p>Chey owns a 17.9% stake in SK Inc., the conglomerate\u2019s holding company, and has an estimated fortune of $5.4 billion, according to Forbes.<\/p>\n<p>The court ordered Chey to make the payment in cash rather than transfer stock, citing the importance of his shares to maintaining control of the conglomerate.<\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/sk-group-ipo-ny.jpg\" alt=\"Chey Tae-won, chairman of SK Group\"\/> <\/p>\n<p>Chey Tae-won, chairman of SK Group, center, and Kwak Noh-jung, president and chief executive officer of SK Hynix Inc., center left, and Koh Seung-beom, chairman of SK Hynix Inc., center right, ring the opening bell during the company&#8217;s initial public (Michael Nagle\/Bloomberg via Getty Images)<\/p>\n<p>Shares of SK Inc. closed 3.8% lower Friday, while SK Hynix fell 8.3% in Seoul trading following the ruling.<\/p>\n<p>SK Group\u2019s profile has risen sharply during the <a href=\"https:\/\/www.foxbusiness.com\/category\/artificial-intelligence\" target=\"_blank\" rel=\"noopener nofollow\">artificial intelligence<\/a> boom through SK Hynix, a major supplier of high-bandwidth memory chips used with Nvidia\u2019s AI processors.<\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/chey-tae-won-sk-hynix.jpg\" alt=\"Chey Tae-won, chairman of SK Group\"\/> <\/p>\n<p>Chey Tae-won, chairman of SK Group, in New York City. (Michael Nagle\/Bloomberg via Getty Images)<\/p>\n<p>Judges awarded Roh one-third of the couple\u2019s marital property after finding that she contributed to preserving and increasing the family\u2019s wealth during the marriage.<\/p>\n<p>The ruling followed a South Korean Supreme Court decision rejecting claims that alleged financial support from Roh\u2019s father, former President Roh Tae-woo, should be included in the asset calculation.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener nofollow\">CLICK HERE TO GET FOX BUSINESS ON THE GO<\/a><\/p>\n<p>Either side may appeal the ruling, potentially sending the property-division dispute back to the Supreme Court.<\/p>\n<p>Reuters contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Check out what&#8217;s clicking on FoxBusiness.com. A South Korean court ordered billionaire SK Group Chairman Chey Tae-won to&hellip;\n","protected":false},"author":2,"featured_media":782847,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-782846","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/782846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=782846"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/782846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/782847"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=782846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=782846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=782846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}