SK Hynix Billionaire to Get Long-Awaited Ruling on Divorce Case

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessSK Hynix Billionaire to Get Long-Awaited Ruling on Divorce CaseSK Hynix Inc. billionaire Chey Tae-won is set to receive a fresh court ruling on a long-running divorce dispute with his former wife, bringing their acrimonious legal battle closer to a conclusion.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.6sy2oesa4k1bmca{s8iy)6t(_media_dl_1.png Korea Exchange(Bloomberg) — SK Hynix Inc. billionaire Chey Tae-won is set to receive a fresh court ruling on a long-running divorce dispute with his former wife, bringing their acrimonious legal battle closer to a conclusion.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountIn what is likely to become South Korea’s most expensive divorce ever, the Seoul High Court is set to announce Friday how much of Chey’s fortune it has determined must be shared with ex-wife Roh Soh-yeong. Chey is worth about $5.5 billion according to the Bloomberg Billionaires Index.The ruling hinges on how Korean courts assess the value of a spouse’s contribution to building one of the country’s largest business empires. Roh initially demanded 42.29% of Chey’s SK Inc. shares, a request which could have put his control of the company in question. She later changed her request to cash.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSK Hynix has emerged as one of the biggest winners from booming demand for high-bandwidth memory chips used in artificial intelligence, lifting the value of the broader SK empire and raising the financial stakes of the case. The company vaulted into the global spotlight after raising $26.5 billion in a US listing this month, a record for a foreign issuer, and its market value has topped $1 trillion.The couple married in 1988 and have three children together. But things began to unravel publicly in 2015, when Chey, who is chairman of SK Group, revealed he had a child with another woman.In 2024, a court ordered Chey to pay Roh 1.38 trillion won ($1 billion), South Korea’s largest divorce award. But after Chey appealed, the Supreme Court overturned the ruling, saying it had improperly counted alleged illicit funds from Roh’s father, former president Roh Tae-woo, toward her contribution to the couple’s wealth.Roh, the daughter of a former South Korean president, has argued that her family’s political and social support aided SK’s rise from a mid-sized energy company into one of South Korea’s largest business groups. Chey maintained that his SK Inc. shares originated from assets provided by his father and should be treated as separate property.Any sizeable cash obligation would raise questions about how it could be financed, whether through borrowing, asset sales or other transactions involving Chey’s holdings. There is little expectation that SK Group’s control structure is in immediate jeopardy. The Friday ruling could also be appealed again to the Supreme Court.South Korea’s largest known divorce-related property settlement took place in 2005, when NCsoft founder Kim Taek-jin transferred 356,461 shares of the game developer, then valued at nearly 30 billion won, to his former wife, according to a local media report.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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