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The Economic Times

South Korea's 'Divorce of the Century': Why SK Group chairman's divorce bill fell from $940 million to $644 million

Chey Taewon SK Group Roh Taewoo Divorce South Korea the Supreme Court SK Hynix The Seoul High Court

A South Korean court on Friday reduced the record divorce settlement that AI chip billionaire Chey Tae-won must pay his former wife, ordering the SK Group chairman to pay 944 billion won ($644 million) instead of the 1.38 trillion won ($940 million) awarded in 2024.

Chey, 65, heads SK Group, the parent of memory chipmaker SK hynix, a key player in South Korea's technology industry.

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