South Korea's $644M Divorce Settlement
A court in South Korea has ordered Choi Tae-won, the head of SK Group, to pay his ex-wife Roh Soh-young $644 million in a divorce case that the media has dubbed "the divorce of the century." This ruling follows a prolonged dispute over the division of the couple's assets, who had been married for 35 years, with his wife demanding compensation of 1.38 trillion won. The case centered around financial support Choi received from his former father-in-law, President Roh Tae-woo, who led South Korea from 1988 to 1993. It was proven that Choi benefited from secret financial aid from his father-in-law, but the Supreme Court previously overturned a ruling requiring him to pay large damages, confirming that illegal monies are not considered part of the assets. The verdict has garnered widespread attention due to SK Group's prominent status as South Korea's second-largest family conglomerate.
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