A South Korean court has ordered SK Hynix chairman Chey Tae-won to pay 944 billion won, or about $643 million, to his former wife in a new ruling tied to their long-running divorce case. The decision pushes the closely watched dispute toward an end and, if it takes effect, would make it the largest divorce settlement ever recorded in South Korea. Bloomberg Billionaires Index data cited in the report shows Chey’s fortune at about $5.6 billion, with his net worth having more than doubled over the past year. The report also said his personal wealth has surged alongside the artificial intelligence boom. The court has not yet clarified whether the payment will be made in cash or in shares. The development was reported by Odaily, citing the latest court ruling and Bloomberg billionaire data.
A South Korean court has ordered SK Hynix chairman Chey Tae-won to pay 944 billion won, or about $643 million, to his former wife as part of a divorce property division ruling.
The new decision moves the long-running high-value divorce case close to an end. The report said Chey’s personal fortune has climbed sharply on the back of the artificial intelligence boom. If the ruling ultimately takes effect, it would become the largest divorce case by value in South Korean history.
According to the Bloomberg Billionaires Index, Chey is currently worth about $5.6 billion, and his net worth has more than doubled over the past year. The court has not clarified whether the payment will be made in cash or stock.
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