The South Korean court of appeal has ruled that SK Group president, Chey Tae-won, must pay his former wife, Roh Soh-yeong, an amount approximating 568 million euros. This judgment marks one of the largest financial settlements in global divorce proceedings. The case has garnered significant media attention, with some outlets labeling it “the divorce of the century.”
Roh Soh-yeong had initially sought a larger settlement, demanding half of her husband’s assets, which would have amounted to nearly one billion US dollars.
However, the court ultimately awarded her a substantial, though lower, sum. The dissolution of the marriage followed the public revelation of Chey Tae-won’s affair in 2015. At that time, he publicly acknowledged his relationship with another woman and the existence of a child from that union.
The details were widely reported in an open letter, in which he stated that he had fallen in love and desired a “clean end” to their 27-year marriage. The ruling establishes a significant financial obligation stemming from the divorce proceedings. The court’s decision dictates that Chey Tae-won must adhere to the awarded payment structure.
This high-profile legal battle underscores the immense financial stakes involved in the separation, setting a notable precedent in high-net-worth divorce cases.
Topics: #divorce #century #must
