SEOUL: A South Korean court ruled SK Group chairman Chey Tae-won (pic) must pay more than US$1 billion to his estranged wife as part of their planned divorce, sending shares in the group's holding firm surging on speculation that he will have to purchase more stock to cement his control.
The Seoul High Court found Chey's shares in holding company SK Inc should be counted as part of the couple's joint property, overturning a 2022 ruling by a lower court for a much smaller amount.
Uh-oh! Daily quota reached.
![](https://cdn.thestar.com.my/Themes/img/trial-img.webp)
Follow us on our official WhatsApp channel for breaking news alerts and key updates!