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South Korean Billionaire Fights Big Divorce Payment

South Korean Billionaire Fights Big Divorce Payment

South Korean Billionaire Fights Big Divorce Payment
The court made this decision after looking at the case again. It changed an earlier decision from 2024.
This is the biggest divorce payment in South Korean history.
Chey is the head of a big company called SK Group. He was in New York for an important event.
Chey might appeal the decision, which could make the case last longer. The payment is a lot of money, almost a quarter of his wealth.
People are watching this case because SK Group's value has gone up due to AI technology.
SK Hynix, a company that makes memory chips, has benefited from the demand for AI technology.
The company listed its shares on the Nasdaq stock market, which helps it get more investors.
The court said Chey's wealth is around $2.8 billion, according to CBS News.