South Korean Billionaire Ordered to Pay $640 Million in Divorce

A Seoul court ordered SK Group Chairman Chey Tae-won to pay 944 billion won ($640 million) to his ex-wife Roh Soh-yeong on July 24, 2026. Reduced from a 2024 judgment above $1 billion after a Supreme Court review, the payout could weaken Chey's grip on SK Group, a family-run business empire held together through tangled ownership links. Whether he appeals remains unresolved.