In a landmark ruling, South Korea’s Supreme Court has overturned a lower court’s decision that ordered billionaire Chey Tae-won to pay his ex-wife Roh So-young a staggering 1.38 trillion won ($1 billion) in what has been widely referred to as the ‘divorce of the century.’ The court cited a miscalculation in the valuation of the couple’s joint assets and has ordered a review of the case. The original settlement, decided by a Seoul court in 2024, was the largest in South Korea’s history. The Supreme Court ruled that a 30 billion won slush fund linked to Ms. Roh’s father, former President Roh Tae-woo, could not be considered part of the couple’s assets, as it allegedly originated from illegal bribes. However, the court upheld a 2 billion won alimony payment to Ms. Roh. The ruling has significant implications for Mr. Chey, who heads the SK Group conglomerate, and has prolonged his legal battle with his ex-wife. Shares of SK Group fell 5.4% following the decision, but analysts believe the conglomerate’s stability remains intact, as Mr. Chey is not immediately required to raise funds for the settlement. SK Group, with subsidiaries in telecommunications, energy, pharmaceuticals, and semiconductors, continues to be a major player in South Korea’s economy.