Seoul
The AI gold rush is minting new fortunes, however the ex-wife of one of South Korea’s greatest tech titans has failed to win a greater share of his wealth as his firm’s inventory value has soared.
In one other twist in the long-running divorce case that’s captivated the nation, billionaire SK Hynix Chairman Chey Tae-won was ordered on Friday to pay his former spouse 944 billion gained ($644 million) – properly beneath the quantity she sought.
Chey cut up from his spouse Roh Soh-yeong, the daughter of former South Korean President Roh Tae-woo, greater than 10 years in the past, when he took the extraordinary step of asserting their marriage was over by way of a letter to South Korean media.
Since then, she’s fought for an even bigger slice of his fortune, arguing in a number of courtroom instances that her father contributed to the corporate’s development with an early funding – and that her payout needs to be primarily based on the 2026 valuation of Chey’s SK Group.
Roh’s evaluation would have meant a payout of billions of {dollars}, inflated by an AI boom that’s boosted demand for the reminiscence chips made by SK Hynix, a subsidiary of SK Group.
This is a growing story and shall be up to date.