Chey Tae-won Challenges Billion Won Spending Claim | South Korea News

South Korea News Today | 2 Min News | The Daily News Now! · Sep 15, 2026 · 2m

SK Group chairman Chey Tae-won is fighting back after prosecutors declined to indict his estranged wife’s lawyer for defamation — despite claims the billionaire spent over $74 million on his current partner. Chey’s team says that figure is wildly inflated, mixing personal expenses with charitable donations, funds for his ex-wife and kids, and even assets tied to divorce proceedings. They argue the number was calculated without verifying where the money actually went — including funds from a prison-linked account meant for his family. While prosecutors found “some basis” in the claims but…