South Korea’s Supreme Court has struck down a lower court’s order for billionaire Chey Tae-won to pay his ex-wife a 1.38tn won ($1bn; £788m) settlement, in a case dubbed by local media as the “divorce of the century”. Citing a miscalculation that increased the value of the couple’s assets, it has ordered the case to […]
Former South Korean President Lee Myung-bak has been jailed for 15 years and fined $11.5m on multiple corruption charges. Lee was sentenced in a Seoul court on Friday on charges of bribery, embezzlement and abuse of power. This makes Lee the fourth South Korean former leader to be jailed over corruption, following his successor’s imprisonment […]
