South Korean court orders SK Hynix Chairman Chey Tae-won to pay approximately 643 million USD in divorce property settlement to his ex-wife

SK Hynix billionaire Chey Tae-won has seen his personal wealth surge due to the artificial intelligence boom. Recently, a South Korean court ruled in a new judgment that he must pay 944 billion Korean won (approximately 643 million USD) to his ex-wife as a divorce property settlement, bringing this protracted, sky-high divorce case to a near close. If this ruling is finally upheld, it will be the highest-value divorce settlement in South Korean history. According to the Bloomberg Billionaires Index, Chey Tae-won is currently worth approximately 5.6 billion USD, with his net worth more than doubling over the past year. The court has not yet clarified whether this huge amount will be paid in cash or stock.