South Korea’s Supreme Court overturned part of a $1.1B divorce settlement, ruling a 30B won fund likely came from bribes and can't be marital property.

South Korea’s Supreme Court has partially overturned a 1.38 trillion won divorce settlement against SK Group chairman Chey Tae-won, ruling that a 30 billion won slush fund linked to his ex-wife’s father, former President Roh Tae-woo, likely came from bribes and could not be counted as marital assets. The court upheld a 2 billion won alimony award but sent the case back for reconsideration. The decision followed a miscalculation in the original ruling involving SK stock valuations, which Chey’s legal team argued skewed the asset division. SK Group shares dropped 5.4% after the announcement, but analysts say Chey retains control over key subsidiaries. The case, dubbed the "divorce of the century," has drawn national attention over wealth, corporate control, and the legacy of past political figures.