Billionaire businessman Chey Tae-won, chairman of South Korea's SK Group, is expected to accept 700 billion won (£386 million) of the 944 billion won (£520 million) property division ordered by a Seoul High Court in a divorce case involving his former wife, Roh Soh-yeong. This decision reduces the remaining dispute to about 244 billion won (£134 million), which will now be decided by the Supreme Court, according to Yonhap News Agency. The court ruled in late July that Chey should make the cash payment to Roh as part of dividing marital assets, while allowing him to retain his shares in SK Inc, the holding company of South Korea's second-largest conglomerate. Chey filed an appeal in August, though Roh's legal team had not yet filed a cross-appeal, according to Yonhap. The Seoul High Court’s ruling followed a Supreme Court order in early 2024 for further review of the divorce case between Chey and Roh So-yeong, the daughter of former South Korean President Roh Tae-woo. The court reduced an earlier 1.38 trillion won award made by an appeals court in 2024 after the Supreme Court rejected the inclusion of alleged funds from Roh's father as a legally protected contribution. Chey’s appeal could extend the case, which has drawn significant attention from investors focused on his control of SK Group. "We apologize for causing concern and will decide whether to appeal after reviewing the court ruling," said Lee Jae-keun, a lawyer representing Chey, at the time. The case has gained attention due to the rapid increase in the value of SK Group's semiconductor assets, largely driven by the global AI boom. SK Hynix, a major supplier of high-bandwidth memory (HBM) chips used in AI processors, has benefited greatly from increased demand for AI infrastructure. The chipmaker listed American depositary shares on Nasdaq in July, expanding its access to global investors after a significant rise in its market value linked to the AI industry's growth. Chey and Roh, who is a director of a Seoul art museum, married in 1988 and have three children. Chey filed for divorce in 2017 after revealing he was in a relationship with another woman and had a child with her. The case has highlighted the intersection of personal legal disputes and the broader economic influence of South Korea's largest conglomerates.