Chey Tae-won

Chey Tae-won, an AI billionaire, was ordered to pay $645 million in South Korea's high-profile divorce case. His ex-wife sought half of his $5 billion fortune as part of the legal dispute.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife Roh So-yeong $640 million in a high-profile divorce case. The ruling reduced a prior $940 million settlement and followed a Supreme Court directive for further review. The case involved allegations of financial contributions from Roh’s father, a former president, to SK during his presidency, which the Supreme Court later dismissed as a legal factor.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife Roh So-yeong 944 billion won ($640 million) in a divorce case. The ruling reduced a previous 1.38 trillion won ($940 million) settlement and follows a Supreme Court review that dismissed claims about alleged slush funds. Chey’s assets have increased recently due to rising shares in SK Hynix amid the AI boom.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($640 million) in a high-profile divorce case. The ruling reduced a prior 1.38 trillion won ($940 million) settlement and followed a Supreme Court review dismissing claims about illegal funds provided to SK during her father's presidency.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay $640 million to his ex-wife Roh So-yeong. The case was labeled the 'divorce of the century' by national media.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife Roh Soh-yeong US$644 million in a divorce-related property division case, which would be South Korea's most expensive divorce if finalized. The amount is lower than a previous 1.38 trillion won award.

South Korean tech billionaire Chey Tae-won, chair of SK Hynix, was ordered to pay $640 million in a divorce case following an extramarital affair revealed a decade ago.

Chey Tae-won, 65-year-old chairman of South Korea’s SK Group and a major beneficiary of the AI-chip boom, faces a $1 billion divorce payout after his marriage ended due to an affair with a younger woman.

SK Hynix is set to debut on Wall Street with a US listing, marking a milestone in the AI investment boom. The company's IPO is seen as a significant event in the current earnings season.

SK Hynix shares fell in Seoul following their highly anticipated US trading debut. Chey Tae-won, chairman of SK Group, was present at the company's IPO event on July 10 at the Nasdaq MarketSite.

SK Hynix raised $26.5 billion in the second-largest U.S. share sale, listing on Nasdaq as the world’s leading high-bandwidth memory manufacturer. The IPO follows a 630% share surge in Korea and aims to address valuation discounts linked to South Korea’s chaebol governance, with U.S. investors gaining access to a key AI infrastructure provider.

South Korea's AI chip industry, driven by Samsung Electronics and SK Hynix, is generating significant wealth, but concerns persist about unequal profit distribution. A legal dispute over the valuation of SK Hynix shares could alter business tycoon Chey Tae-won's asset value by billions.

Korean stocks rebounded as Samsung Electronics Co. and SK Hynix Inc. announced large-scale investments in memory chips, data centers, and robotics. The plan was unveiled alongside South Korea's President Lee Jae Myung during a news conference at the presidential Blue House.

Chey Tae-won, a billionaire linked to Hynix, and his ex-wife have failed to resolve their divorce dispute. The article does not provide further details about the circumstances or specific issues in the case.