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South Korea court orders SK Group boss to pay a record $1 billion divorce settlement

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Seoul — The chairman of South Korea’s sprawling SK Group was ordered by a court on Thursday to pay his wife $1 billion in cash in the country’s largest divorce settlement. 

The Seoul High Court ordered Chey Tae-won to pay Roh So-young, the daughter of former president Roh Tae-woo, 1.38 trillion won, or slightly over $1 billion, as a settlement, court documents provided to AFP showed.

The amount was a significant increase from an earlier lower court ruling of 66.5 billion won and takes into account the contributions Roh So-young and her father made to Chey’s success.

Speakers at Nikkei 'Future of Asia' Forum
Chey Tae-won, the billionaire chairman of South Korea’s SK Group, speaks during the Nikkei Forum Future of Asia in Tokyo, Japan, May 23, 2024.

Kiyoshi Ota/Bloomberg via Getty


SK Group runs businesses that include South Korea’s leading mobile carrier and also controls SK Hynix, the world’s second-largest memory chip maker.

“It was reasonable to rule that, as his wife, Roh played a role in increasing the value of SK Group and Chey’s business activity,” the court said in a verdict obtained by AFP.

Chey married Roh So-young in 1988 but they have been separated for years. She appealed against the original settlement amount awarded in 2022, several years after Chey filed for divorce in what has become an acrimonious case.

The court said the new settlement also took into account the emotional suffering Roh So-young endured due to Chey’s extramarital affair.

Chey has a child with his new partner.

The court said Chey “is not showing any signs of remorse for his foul behaviour in the course of the trial… nor respect for monogamy,” ordering him to pay the settlement in cash.

Chey’s net wealth was assessed by the court to be around four trillion won, meaning Roh So-young will take 35 percent of it in the settlement.

His legal team said they would lodge an appeal against the latest ruling, claiming the court had “taken Roh’s one-sided claim as factual”.

The Seoul High Court said Roh Tae-woo also helped Chey’s business flourish during his five years as president from 1988, easing regulatory hurdles for SK’s late former chairman Chey Jong-hyon, Chey Tae-won’s father.

“Former president Roh Tae-woo played the role of a protective shield for ex-chairman Chey Jong-hyon” when the late businessman was trying to tap into the mobile carrier business, the court said, giving “intangible help” to the family.

Chey’s lawyers disagreed, saying SK Group had been under pressure from the Roh government and had “provided various financial contributions”.

“We will set things straight through the appeal,” they said.

A former general, Roh Tae-woo was elected to the presidency in 1987 polls that were South Korea’s first free and fair election in more than a decade.

He had earlier helped his military academy friend Chun Doo-hwan stage a military coup and take over as a dictator.

Roh Tae-woo is less reviled than Chun, in part for the economic growth he oversaw and his diplomatic outreach to the former communist bloc, which saw Seoul establish relations with both Moscow and Beijing.



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7/3: The Daily Report with John Dickerson

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7/3: The Daily Report with John Dickerson – CBS News


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John Dickerson reports on the status of the Biden campaign amid calls for the former president to step aside, the takeaways from a meeting between Russian President Putin and Chinese President Xi, and a look at the holiday weekend travel rush.

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Sam Woodward found guilty of murder as a hate crime in death of Blaze Bernstein

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An Orange County, California, jury found 26-year-old Sam Woodward guilty of first-degree murder with a hate crime enhancement Wednesday for the 2018 death of Blaze Bernstein, whose body was found days after he went missing, buried in a shallow grave at a Lake Forest park. 

The jury reached its verdict after deliberating for just one day. 

The judge hushed the courtroom as applause was heard during the reading of the verdict. 

The prosecution had argued for Woodward to be found guilty of first-degree murder as a hate crime. Defense attorneys argued that Woodward should be convicted for voluntary manslaughter and acquitted of hate-crime allegations. 

Jurors also were asked to consider second-degree murder. Closing arguments in the case had begun Friday, two-and-a-half months after the trial began in Santa Ana. 

Following the reading of the guilty verdict, Bernstein’s parents shared their gratitude to the jury, to law enforcement and to the “army of supporters and volunteers” who were with them through the six-and-a-half-year ordeal.

“This was a great relief that justice was served and this despicable human, who murdered our son, will no longer be a threat to the public,” his mother Jeanne Pepper Bernstein said.  “We are grateful to the jury for their service and their long days and weeks they spent in that service. Justice has been served.” 

Sam Woodward was charged with stabbing Bernstein to death a little over six years ago. The Newport Beach man admitted to stabbing Bernstein, a 19-year-old gay, Jewish man, multiple times in 2018, but pleaded not guilty to murder with an enhancement for a hate crime.

Orange County prosecutor Jennifer Walker maintained to jurors that Woodward stabbed Bernstein, his former high school classmate, because he was gay, and buried his body at Borrego Park in Lake Forest.

“To dig a grave in that terrain, and bury and clean up and murder someone in an hour and half..that is not someone who is just going, ‘Oh..something happened and I need to figure it out.’ That is determined,” Walker said.

Bernstein, who was a college sophomore, was home visiting his family on winter break in January 2018 when he went missing after going with Woodward to a park in Lake Forest, California. Woodward picked Bernstein up from his parents’ home after connecting with him on social media.

Bernstein’s parents found his glasses, wallet and credit cards in his bedroom the next day when he missed a dentist appointment and wasn’t responding to texts or calls, prosecutors wrote in a trial brief.

Days later, Bernstein’s body was found buried at the park in a shallow grave.

The case took years to go to trial after questions were raised about Woodward’s mental state and following defense attorney changes. Woodward was deemed competent to stand trial in late 2022.  

Woodward took the stand for several days and confessed to jurors that he stabbed Bernstein multiple times. 

DNA evidence linked Woodward to the killing and his cellphone contained troves of anti-gay, antisemitic and hate group materials, authorities said.

“Now with the verdict in hand, we believe justice has been served and that Blaze’s memory will be honored through this outcome,” Pepper Bernstein said.



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Hurricane Beryl churns past Jamaica

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Hurricane Beryl churns past Jamaica – CBS News


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After causing major destruction in Granada, Beryl was roaring by Jamaica on Wednesday as a Category 4 hurricane. Ahead of its arrival, Jamaica’s prime minister issued a disaster zone declaration as thousands evacuated flood-prone areas. Tom Hanson has the latest.

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