SK Group Heir Ordered to Pay $11 Million in Divorce Settlement
By DL News
Published
1 min read
A South Korean court has ordered Chey Tae-won, heir to the SK Group conglomerate, to pay approximately $11 million in alimony and transfer shares worth about $640,000 to his ex-wife, Roh Soh-yeong, following their divorce
In a landmark ruling, South Korean court has ordered the heir of SK Group, one of the country’s largest conglomerates, to pay approximately $11 million in alimony following his divorce. The decision marks a significant moment in South Korea’s legal history, reflecting the growing recognition of financial rights in high-profile divorce cases.
Chey Tae-won, chairman of SK Group, and his ex-wife Roh Soh-yeong, director of the Art Center Nabi, were married for nearly 30 years before their split. The high-profile divorce has been closely watched by the public and media due to the significant financial implications and the couple's prominent social standing.
Roh filed for divorce in 2015 after Chey admitted to having an affair and fathering a child outside their marriage. The lengthy legal battle centered on the division of assets and alimony, with Roh seeking a substantial portion of Chey’s wealth. The court’s ruling, which mandates a payment of approximately $11 million, represents a substantial financial award in the context of South Korean divorce settlements.
The court also ordered Chey to transfer shares worth about $640,000 to Roh, further emphasizing the financial stakes involved. This decision underscores the importance of fair asset division and the protection of spousal rights in divorce proceedings, particularly among the country’s elite.
The ruling is seen as a potential precedent for future high-profile divorce cases in South Korea, signaling a shift towards more equitable financial settlements. It also highlights the evolving legal landscape concerning alimony and asset division, reflecting broader societal changes in attitudes towards marriage and divorce.
