South Korean billionaire businessman, SK Group chairman, KCCI leader
A Seoul High Court ruling has redefined the asset division in Chey Tae-won’s divorce from Roh So-yeong, valuing SK Group assets amid a booming AI-driven market. The decision follows years of how the wealth was accumulated and contested, with the court weighing pre-AI values against post-boom valuations.
Kioxia plans a third plant in Japan to manufacture high-density 3D NAND memory, while Fujifilm opens a new facility in Oita to triple production of post-CMP cleaners, addressing AI-data center bottlenecks.
A Seoul court has ordered Kwon Hyuk-bin to transfer a 35% stake in Smilegate to his ex-wife Lee Hwa-jin and to pay 65 billion won in cash as part of the couple’s divorce settlement. The ruling values the stake at about 2.5 trillion won and acknowledges Lee’s long-term childcare and household contributions. Both sides can challenge the decision.
Memory-chip makers SK Hynix and Intel are exploring options to manufacture memory chips in the United States, including leasing space at Intel’s Ohio plant or forming a joint venture with cloud providers. Reuters notes potential government scrutiny; no decisions have been finalized.