The Peninsula chaebol started by rescuing Samsung's little princess.

Chapter 533 The Most Expensive Divorce Case in History

If we were to name the most explosive news from the Korean Peninsula in January 2015, it would undoubtedly be that Noh So-young, the wife of the chairman of the K Group, officially filed for divorce in court.

People on the peninsula still vividly remember this scandal.

As the studio's most famous work, it truly attracted everyone's attention when it was released three years ago.

There's no way around it; the private affairs of chaebol families are inherently attention-grabbing, especially when they're such sensational.

Logically speaking, as the daughter of a former president, Lu Suying should have fought back against her husband's affair.

However, to everyone's surprise, Lu Suying was so cowardly. Faced with her husband's betrayal and the mistress's arrogance, she actually backed down and even publicly stated that she was willing to raise the illegitimate daughter.

At this point, all people could do was curse Lu Suying for being stupid, and eventually they lost interest and stopped paying attention.

The whole thing naturally came to an abrupt end.

In the years that followed, Choi Tae-won and Kim Hee-young frequently made headlines, publicly displaying their affection, but nothing more came of it.

Just when people only remembered "Lady Hannam-dong" and were almost forgetting that Choi Tae-won also had a first wife, Noh So-young, Noh So-young took the initiative to file for divorce.

What surprised everyone even more was that, according to the contents of her divorce petition, Noh So-young demanded 3 million won in alimony from Choi Tae-won, and also requested the division of 42.39% of the shares in K Group held by Choi Tae-won.

Lu Suying's reasons were quite compelling. She argued that she had made indirect contributions to her family and the development of the K Group, and that the K shares held by Choi Tae-won did not constitute "private property."

The property was acquired by Choi Tae-won in 1994 during their marriage for 2.8 million won (approximately 150 million yuan). Its current market value exceeds 3 trillion won. Noh So-young, as his spouse, cooperated in the process of its appreciation, therefore it should be considered marital property.

To be honest, Choi Tae-won had already applied for divorce mediation with the court long before Noh So-young filed for divorce.

But he certainly wouldn't agree to the conditions Lu Suying was proposing!

The 3 million won alimony is manageable, it's not much money, but the 42.29% stake he owns is a big problem!

Losing nearly half of the shares not only means he will lose 10 trillion won in assets, but also means he will lose control of K.

This is something he absolutely cannot accept!

However, the information provided by Lu Suying was extremely detailed, clearly detailing the appreciation of Cui Taiyuan's shares from 1988 to 2014, as well as the overall development of the group.

It was only then that people realized that Lu Suying was not cowardly at all, but was clearly biding her time!

On the surface, he appears magnanimous and harmless, but behind the scenes, he has thoroughly investigated all of Choi Tae-won's assets.

Now that both her daughters are working for the K Group, she chose to divorce, and everything happened so naturally.

However, most people on the peninsula support this result!

After all, in this divorce case, no matter how you look at it, Choi Tae-won is the one at fault, and Roh So-young is just defending her own rights!

Moreover, in this divorce case, all three of the couple's children sided with their mother.

It can be said that, apart from Choi Tae-won and Kim Hee-young, almost everyone else in this divorce case supported Noh So-young to win!

During this process, investor confidence was affected, and K Group's stock price inevitably fluctuated.

"Including previous acquisitions, we now have a total of 35 companies, and have acquired 12% of the shares of the K Group!"

Inside Li Haorong's office, Zhao Lunshuang was giving a report to Li Haorong.

Whether it's acquiring shares in Lotte Group or K Group, both require a massive amount of capital to complete.

Fortunately, Li Haorong had Mercury Bank.

Over the past few years, Mercury Bank has grown to an astonishing size, now ranking among the top five banks on the peninsula, with assets valued at over $3000 billion.

Yes, even though it has become such a behemoth, it is still not listed on the stock exchange and is already a world-renowned unicorn company.

However, no matter how many people outside begged Li Haorong to take Mercury Bank public, he had no intention of doing so.

Thanks to its massive online transactions and fund management, Mercury Bank has accumulated far more funds than its market capitalization.

Because the company was not publicly listed, Li Haorong could easily obtain massive loans from Mercury Bank to acquire shares in those conglomerates without being detected.

"These shares, combined with those of the National Pension Fund and Noh Soo-young, are enough to bring Chairman Choi down!"

Upon hearing about the shares, Li Haorong couldn't help but smile.

Why did Lu Suying tell her son-in-law, Li Haorong, about her divorce?

Of course, it wasn't just to have him investigate the information; it was also to work together from the inside to oust Choi Tae-won!

The current shareholder structure of K Group is as follows:

The siblings Choi Tae-won, Choi Jae-won, and Choi Ki-won control approximately 26.47% of the shares, with Choi Tae-won personally holding about 18% of the shares!

The company's second-largest shareholder is the National Pension Service, which owns approximately 10% of the shares.

Next up are some foreign investment institutions, each holding less than 3% of the shares!

In order to avoid attracting Choi Tae-won's attention, Li Haorong deliberately used numerous companies as a cover, preventing any single company with an excessively high shareholding from entering the board of directors and drawing Choi Tae-won's attention.

Overall, K's shareholding ratio is still quite healthy.

But all of this changed with Lu Suying's divorce case.

Once the divorce is finalized, the Choi Tae-won family's shareholding will drop below 20%.

On the other hand, Li Haorong, with the help of many allies, was able to raise his shareholding to over 30%!

At that time, all that is needed is to win over some foreign investment institutions, and Choi Tae-won can be ousted from office.

As for whether Lu Suying's divorce case will be successful.

This is practically a free point for Attorney Wen!

At this point, Li Haorong looked at Cui Yunzhen, the third person in the office, and said:

"Next, congratulations to your mother, the future Chairman Lu!"

"It's not that simple. If I were my father, I would definitely drag this divorce case out for years, preferably until Attorney Wen's term ends!"

Choi Yoon-jung was not as optimistic as Lee Ho-young.

Although his father was not a qualified father, he was a qualified tycoon. In any case, the K Group did achieve significant development under his leadership.

How could a capitalist with such exceptional abilities not have thought of things that he himself could consider?

"Don't worry, I've got you covered!"

As he spoke, Li Haorong stepped forward and put his arm around Cui Yunzhen's shoulder, comforting him, "Even your father, a chaebol, can only be slaughtered when faced with absolute power!"

Upon hearing Li Haorong's words, Cui Yunzhen couldn't help but look at him, thinking to himself:

If the father can be at the mercy of others, then what about the oppa who started this?

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