South Korea's Supreme Court has delivered what is being called the country's "Divorce of the Year." SK Group Chairman Chey Tae-won has been ordered to pay 944 billion won to his former wife, Roh So-young, in one of the largest divorce settlements in South Korean history. The landmark ruling has drawn attention to Chey's massive stake in SK Group, South Korea's second-largest conglomerate. Analysts believe the billionaire may need to sell shares or use them as collateral to fund the record payment.

Chey Tae-Won to Pay 944 Billion Won to Wife | Wion News 

IBM shares plunged 25% in their steepest single-day decline since 1968 after the company issued a preliminary earnings warning that fell short of Wall Street expectations. The sharp selloff wiped out more than $100 billion in market value and erased much of the company's AI-driven gains from earlier this year.

IBM blamed weaker-than-expected results on a global memory chip shortage, saying customers redirected spending toward AI servers, storage, and memory hardware instead of software and mainframes. The warning also weighed on the broader technology sector, with software stocks declining while chipmakers and storage companies gained as investors shifted toward AI infrastructure.

IBM shares plunge 25% after shock earnings warning, ai chip shortage hits software demand

The artificial intelligence boom is creating a new challenge for the global technology industry, a shortage of memory chips.

SK Hynix warns of worst-ever memory shortage in 2027 |

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Chey Tae-Won to Pay 944 Billion Won to Wife | Wion News

IBM shares plunge 25% after shock earnings warning, ai chip shortage hits software demand

SK Hynix warns of worst-ever memory shortage in 2027 |