The South Korean court announced the verdict in the divorce case between Roh So-young, the only daughter of former President Roh Tae-wu, and Chey Tae-won, President of SK Group, the country's second largest conglomerate.
The court ordered Chey to pay his ex-wife Roh, whom he married in 1988 and with whom he had 3 children, about 1.45 million dollars in alimony and about 1 billion dollars in property division.
The ruling is said to be the largest divorce case in the country's history.
Emphasizing that Roh's connections contributed to the growth of SK Group, the court ruled that Chey, whose fortune reached $3 billion, should transfer about 35 percent of his assets to his ex-wife.
The couple went through a divorce after it was revealed that Chey had a child from an extramarital affair in 2015.
Roh had demanded half of Chey's shares in SK Group, which he chaired for more than 25 years.
Shares of SK Group, which operates in the telecom, chemical and energy sectors and is one of the world's largest semiconductor manufacturers, gained 9 percent in the stock market after the court decision was announced.
