A South Korean appellate court has ordered SK Group Chairman Chey Tae-won to pay his former wife, Roh Soh-yeong, 944 billion won, equivalent to approximately US$644 million, as part of a property division ruling. The decision, issued on Friday, marks a significant development in the high-profile divorce proceedings between the two parties.
This court-mandated payment is lower than a previous award of 1.38 trillion won, which had sparked public and legal scrutiny regarding the impact of the settlement on Chey’s stake in the conglomerate. The ruling concludes the latest stage of the legal dispute over the division of assets.
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