South Korean tycoon Chey Tae-won has been ordered to pay his ex-wife 1.38 trillion won ($1bn; £788m) in cash – the country’s largest ever divorce settlement.
It comes nearly a decade after Mr Chey’s marriage fell apart following the revelation he had fathered a child with his lover.
The Seoul High Court on Thursday ruled that Roh So-young – whom he was married to for 35 years – was entitled to a portion of his company shares.
Lawyers for Mr Chey – chairman of the powerful SK Group conglomerate – said he would appeal, claiming the court had taken “Roh’s one-sided claim as factual”.
The amount awarded to Ms Roh was a significant increase from the 66.5bn-settlement ruled by a lower court in 2022.
Source:Mybrytfmonline.com/BBC
