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A South Korean court ordered SK Group chairman Choi Tae-won to pay his ex-wife nearly $643 million in a divorce case. If the ruling takes final effect, it will be the largest divorce settlement in South Korean history.
The court has not yet clarified whether this large sum will be paid in cash or in stock.
Choi Tae-won’s net worth is about $5.6 billion. Hansealys’ shares on the Korea stock market fell 8.34%, and the impact on the market is expected to be short-lived.