A South Korean tycoon is to pay his former wife $1.87bn in a divorce settlement described as the largest of its kind in the country’s history.
The payout marks a record for South Korea, although the available details do not identify the couple or provide further information about the circumstances of the settlement.
The agreement places the value of the divorce settlement at $1.87bn, making it one of the country’s most significant reported financial awards involving a former spouse. No additional details about the timing or arrangements for the payment have been supplied.
