SK Group Billionaire Chey Tae-won Faces $1B Divorce Bill Over Extramarital Child
Chey Tae-won, 65, chairman of South Korea’s SK Group, may be ordered to pay nearly $1 billion to his ex-wife after revealing he fathered a child outside their marriage. The retrial in their property settlement wraps up on July 24, almost a year after the Supreme Court finalized their divorce. The couple, married since 1988, share three children. In 2015, Chey admitted to having a child with partner Kim Hee-young, now known as Chloe. His former wife, Roh Soh-yeong, successfully sued Kim for emotional distress before taking legal action against Chey himself. A lower court awarded Roh about $1 billion—35% of his assets—but the Supreme Court later overturned that decision. Roh’s lawyers argue her family secretly provided funds that helped SK Group grow, while Chey insists his shares came solely from assets passed down by his father. The dispute has spotlighted the origins of one of South Korea’s biggest conglomerates, with each side contesting the true source of the fortune.
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