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USD 1 billion : Asia’s Biggest Divorce Settlement Hits Pause

South Korea’s Supreme Court has given SK Group chairman Chey Tae-won a temporary reprieve in his high-profile divorce case, delaying what would have been one of the largest divorce settlements in Asian corporate history. The court sent the case back to a lower court for further review, meaning Chey will not immediately have to pay nearly 1 billion dollars to his estranged wife, Roh So-young, the daughter of former South Korean president Roh Tae-woo. A lower court had previously ordered Chey to pay about 972 million dollars in asset division and 1.4 million dollars in alimony. The Supreme Court upheld…

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