South Korean AI chip tycoon appeals record $666 million divorce payout

The chairman of South Korea's SK Group, a major technology and energy conglomerate, is challenging a landmark court decision that ordered him to pay a substantial sum in his divorce settlement. The ruling mandates that he pay his former wife approximately US$666 million (S$852.21 million), marking one of the largest divorce asset divisions in the country's history.

This legal battle involves the division of assets accumulated during the marriage, which includes stakes in various SK Group affiliates. The court's decision reflects a significant valuation of the former wife's contribution to the marital estate and the group's overall success.

The appeal signifies the chairman's intent to contest the court's assessment and potentially reduce the financial payout. The outcome of this case could set a precedent for future high-profile divorce settlements involving corporate leaders and substantial wealth in South Korea.