South Korean court orders SK Group chairman Chey Tae-won to pay $645 million in divorce settlement

In a landmark decision, a South Korean court has ordered Chey Tae-won to pay $645 million to his ex-wife, Roh Soh-yeong, in what is now considered one of the largest divorce settlements in the country's history. This ruling concludes over a decade of legal proceedings that have captivated the nation. The court's decision reflects the immense wealth and influence of both parties involved, particularly in the context of South Korea's corporate landscape.

The case has drawn significant media attention, with comparisons made to dramatic K-dramas, highlighting the personal and public dimensions of the divorce. The ruling was issued on July 23, 2026, marking a pivotal moment in the ongoing saga.

Chey Tae-won, aged 65, is a prominent figure in the AI chip manufacturing industry and chairs SK Group, one of South Korea's largest companies. The divorce proceedings have spanned over ten years, illustrating the complexities involved in high-net-worth separations. The court ruled that Chey had a just claim to a portion of his SK Inc. shares, further complicating the financial aspects of the settlement.

This case not only highlights the personal struggles of the individuals involved but also reflects broader societal themes regarding wealth and power dynamics in South Korea. As the public closely follows the developments, the ruling may influence future divorce cases involving affluent individuals.

The implications of this landmark ruling will be closely monitored, particularly regarding potential appeals or further legal actions from either party. The financial impact on SK Group and Chey Tae-won's business operations will also be significant, as stakeholders assess the fallout from this unprecedented settlement.

As the dust settles, the case may set a precedent for future high-profile divorce cases in South Korea, potentially reshaping public perception and legal standards in the corporate landscape.