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South Korean Court Orders $1.87 Billion Settlement in Record Divorce Case
Just the facts
A court in South Korea ordered a business executive to pay $1.87 billion to his former spouse as part of a marital asset division. The financial judgment marks the largest divorce settlement ever recorded in the legal history of South Korea. The court evaluated the distribution of shares and commercial assets built during the couple's marriage in reaching the valuation. Legal representatives for both parties reviewed the terms of the judgment following the decision.
Why this is news
A South Korean appellate court rendered a ruling in a high-profile corporate divorce proceeding.
Sources
This summary is compiled strictly from the original reporting below.