A Seoul court has ordered SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($645 million), in the largest divorce award in South Korean history. And while the figure is a record, it was calculated against a stock price more than two years old – before it went ballistic in the AI boom. 

The Seoul High Court’s First Family Division, presiding judge Lee Sang-ju, issued the ruling on Friday, nine years after Chey filed for divorce mediation in 2017. The court ordered the money paid in cash with 5 percent annual interest from the day after the judgment becomes final, and declined to hand over any stock, citing the role Chey’s shares play in his control of the group, according to the WSJ. Neither side has said whether it will appeal again.

Chey did not attend. He was in California, accompanying President Lee Jae-myung on a San Francisco trip and dining with Nvidia chief executive Jensen Huang in Woodside.

The Two-Year-Old Price

The court fixed the valuation at April 16, 2024, the date arguments closed in the earlier appeal. SK Inc. finished that session at 160,000 won ($110) a share, putting Chey’s 17.9 percent stake at roughly 2.07 trillion won ($1.4 billion). When arguments closed in the remand trial on June 26, 2026, the stock closed at 810,000 won ($555). Five times higher thanks to an AI boom that runs from Nvidia’s high-bandwidth memory orders through SK Hynix, up through SK Square, and into the holding company at the top.

Roh’s lawyers argued for the June 2026 date. Chey’s argued for April 2024. The court sided with Chey. Supreme Court precedent holds that divisible property is measured as of the closing of the last fact-finding trial, which the court took to be the pre-remand appeal. It added that share prices are volatile and listed stock is a cash-equivalent asset that can be sold at any time, so declining to split gains that land after a marriage has legally ended does not obviously defeat the purpose of an equitable division.

The court acknowledged the price had risen sharply between the two dates, said Chey’s management deserved credit for part of that, and stated that it had taken the surge into account in setting the division ratio rather than in the valuation. 

On what Roh contributed, the court was more generous than the first-instance judge had been in 2022, when he ruled the SK shares were Chey’s separate property and awarded her 66.5 billion won ($45 million). Her homemaking, her raising of the couple’s three children and her public activity on the group’s behalf, the court found, had helped form and sustain the value of the stock. It rejected Chey’s argument that the shares were inherited and gifted assets outside the marriage. Then it set her share at one-third.

The Bribe That Counted For Nothing

Two years ago a different panel awarded Roh 1.3808 trillion won ($945 million) after she argued that her father’s money helped build the company, and that Chey’s SK shares were therefore a joint dynastic project rather than his alone. To prove it, her side put a slush fund memo written by her mother, Kim Ok-sook, into evidence, documenting 90.4 billion won ($62 million), and argued that 30 billion won ($21 million) of former President Roh Tae-woo’s slush money had passed to SK founding chairman Chey Jong-hyun in 1991 and gone toward the acquisition of Pacific Securities and other business.

In May 2024, the appellate court accepted it. It found the transfer real, treated the money as seed capital, and found that Roh Tae-woo had smoothed regulatory obstacles for SK’s move into mobile telecoms during his 1988-1993 presidency, playing what it called “the role of a protective shield” for the elder Chey. It valued the couple’s joint property at some 4 trillion won ($2.7 billion), set Roh’s share at 35 percent, and ordered 1.3808 trillion won ($945 million) paid.

On October 16, 2025, the Supreme Court’s First Division threw that out. The money may well have moved, the justices held, and that was the problem. Roh Tae-woo was arrested in 1995 and convicted the following year of taking hundreds of billions of won (hundreds of millions of dollars) from businessmen, and Article 746 of the Civil Act bars anyone from suing over a benefit conferred for an illegal purpose. A president routing part of a bribe to his in-laws and staying silent about it was, in the court’s words, so markedly anti-social, unethical and immoral as to fall outside the protection of the law. Since the conduct had no legal value worth protecting, it could not be counted as his daughter’s contribution when the marital estate was divided.

Roh’s lawyers had a reply. She was not trying to recover the money, only to have its effect acknowledged. The court was not interested.

On remand, the 30 billion won ($21 million) came out and her ratio slipped from 35 percent to one-third – a small move, because the slush fund had never carried much weight in the ratio to begin with. The larger cut came from a second holding in the same Supreme Court ruling: shares Chey had gifted to his younger brother and other relatives before the marriage collapsed were not divisible property either. The estate shrank while her percentage held roughly steady, and the award fell by 436.8 billion won ($300 million).

Now He Has To Find The Cash

Chey holds 12,975,472 SK Inc. shares, 17.90 percent, worth roughly 8.5 trillion won ($5.8 billion) at last Thursday’s close. The award is about 11 percent of that – and the court told him to pay it in money, not stock.

Authored by City News Service via The Epoch Times,

Mayor Karen Bass and her challenger in the Nov. 3 election, Councilmember Nithya Raman, criticized one another on July 24 over the increase in homelessness in Los Angeles.

Homelessness increased by 3.4 percent in the city to an estimated 45,194 people, and unsheltered homelessness also rose by nearly 8 percent, according to figures from the 2026 Greater Los Angeles Homeless Count. The data showed the first increase in the unhoused population following two consecutive years of decreases.

Raman, who represents the Fourth Council District, held a news conference in Studio City to discuss the results of the count released on the afternoon of July 24.

“By now you’ve probably seen the reports: despite hundreds of millions of dollars spent – and repeated assurances that Los Angeles had turned a corner – unsheltered homelessness increased by nearly 8% in this city,” Raman said in a statement.

“That is a moral outrage. And it is a failure of leadership,” Raman added.

The councilwoman noted her district experienced a 49 percent decrease in unsheltered homelessness.

“We track every case, break through the barriers holding up placements, connect people with housing and care, and stay involved until they are housed,” Raman said in her statement.

Raman said, if elected, she would bring that approach and results citywide.

She added homelessness is “not an unsolveable problem. It’s a mismanged one.”

In response, Bass’s campaign said Raman claimed credit for the decrease in her district while avoiding the rest of the city’s data as chair of the City Council’s Homelessness and Housing Committee.

Bass’s campaign said Inside Safe brought 236 people in the Fourth Council District into interim housing since 2023. It further alleged Raman has not attended a single Inside Safe operation in her district last year.

The homeless count further showed that the Fourth Council District had a reduction of recreational vehicles used as housing for people experiencing homelessness from 103 in 2023 to 38 in 2026, a 63 percent decline.

Bass’s campaign said the removal of RVs involves towing, storage, and relocation operations that the city’s homelessness teams run.

“Nithya Raman is taking credit for the results of Inside Safe while campaigning against it,” Alex Stack, a spokesman for Bass’s campaign, said in a statement.

“While Raman takes credit for the city’s work in her district, ignoring the fact that she’s the chair of the Homelessness & Housing Committee for all of Los Angeles, Mayor Bass is working to move our city forward and address years of neglect,” Stack added.

Bass served on the LAHSA Commission for a three-year term that ended June 30. The commission consists of 10 appointed members – five representatives from the city and five from the county.

Commission members hold authority over budgetary, funding, planning and program policies.

Bass, who is seeking a second term, continues to campaign on what she has deemed as progress in her first term – part of that includes her administration’s ability in moving unhoused people into temporary housing.

The 2026 Homeless Count represents an opening for Raman, who is attempting to garner voter support with a new approach to address homelessness.

Raman has criticized Bass’s Inside Safe program for being too costly, and failing to produce better results.

While Bass has defended Inside Safe, her signature program for encampment resolution, a Los Angeles Times analysis found that in the nearly four years since the program began, about 41 percent of unhoused people who participated in the program had returned to homelessness.

In a statement Thursday, Bass blamed the Trump administration for the increase in homelessness, saying its policies have driven up the cost of living and while reducing federal funding for safety net programs. She noted that reductions in state funding for homelessness have also impacted the city’s ability to respond to the crisis.

The mayor also criticized Los Angeles County for a “lack of adequate services,” which she said was a contributing factor to people cycling in and out of homelessness. The county provides cities with services such as mental health and substance-abuse counseling.

Bass noted the city has reduced unsheltered homelessness by 11 percent since 2023, and housing more than 1,000 homeless veterans.

Recently, critics have expressed frustration with Bass over the slow cleanup of rotting food left by the Lineage Logistics cold-storage warehouse fire in Boyle Heights, as well as concerns raised over a crisis communications consultant who worked for Bass’s office for free, among other issues.

Meanwhile, Republican Party of Los Angeles County Chair Roxanne Hoge told City News Service in an email that the rise in homelessness was caused by existing leadership.

“Every parent knows that you get more of behavior you reward. Karen Bass, Nithya Raman, Lindsey Horvath and the entire Homeless Industrial Complex comprised of NGOs and the California Democrat Party reward everything from criminal vagrancy, drug addiction, untreated mental illness and the takeover of public spaces. The results we see are the results they want,” Hoge said in a statement, referring to Los Angeles County Supervisor Lindsey Horvath and nongovernmental organizations.

Sen. Mitch McConnell (R-KY) on Monday ‘said’ he’s undergoing physical therapy, but that he hasn’t been medically cleared to leave rehab after being admitted to the hospital after his June 14 fall. 

“I’m still working hard to get back to my full schedule of work in the Senate and in Kentucky, keeping up with intense physical therapy per my doctors’ orders,” McConnell, 84, one of the oldest members of the Senate, said in a statement – adding that he won’t be able to make it to a popular event called Fancy Farm slated to take place in Kentucky on Saturday.

The reason for the hospitalization was not disclosed until July 12, with McConnell stating at the time it was due to a fall that left him briefly unconscious. He’s also apparently suffering from a mild case of pneumonia and has totally not been dead for six weeks. 

BREAKING BOMBSHELL

New audio and video have been leaked showing Sen. Mitch McConnell being loaded by stretcher into an ambulance when transported to the hospital – EMS recordings conform they found an unknown person who was “unconscious” due to “cardiac arrest,” with “CPR in… pic.twitter.com/F5Aug8pmg8

— Conservative Brief (@ConservBrief) July 10, 2026

On Monday, Congress’s Office of the Attending Physician said that McConnell fell while at home in June and that he has been moved from the hospital to another facility.

“Since his discharge from hospital care, he has maintained a strenuous course of physical therapy and rehabilitation, including multiple sessions a day designed to rebuild strength and reduce the risk of future falls,” the office said.

Mitch McConnell is fine 👀 pic.twitter.com/hMn29peojD

— Politi_Rican 🇵🇷 𝕏 🇺🇸 (@TheRicanMemes) July 27, 2026

“His bout with childhood polio continues to be a significant factor in his mobility. He is not yet medically cleared to leave the rehab facility and return to the office.”

McConnell said on Monday that he was sorry to miss Fancy Farm and wished the community the best for the event.

“As always, I appreciate all of your continued well wishes, and I’m looking forward to getting back to the Senate and to Kentucky soon,” he wrote.

McConnell has previously dealt with a number of health problems, including documented instances of him freezing while being near or addressing reporters. His office has said he experienced momentary lightheadedness at those times.

Mitch: Faithful servant of the people and spring chicken, on his 2026 re-election bid pic.twitter.com/1rlfzhKXc1

— Ben Bartee (@BenBartee) July 7, 2026

The senator said in 2025 that he would not run for another term. His current term ends on Jan. 3, 2027.

In the primary elections for the race to succeed McConnell, Republican voters chose Rep. Andy Barr (R-Ky.), while Democratic voters selected former Kentucky Rep. Charles Booker.

Authored by Van Mylar via RealClearReligion,

Meta is testing Instagram on television. Pinterest has acquired a connected-TV ad-buying platform. Social media content is becoming one of the most-watched video types on American television. And YouTube is leading the way, with tens of millions of Americans now watching YouTube on the biggest screen in the house.

YouTube’s move into creator-led, 24/7 “Stations” points to something larger: digital and social platforms are no longer simply competing with television. They are becoming television.

For nonprofits and ministries, this is not a passing media trend. It is a strategic signal.

The migration of social behavior back to the living room represents a fundraising, awareness and discipleship opportunity too large to ignore. It is also a warning to organizations still treating television, streaming, social, direct mail, radio and email as disconnected channels.

That means the old channel-by-channel mindset is no longer enough. Direct mail, television, radio, email, YouTube, social media and connected television must work together as one integrated donor journey.

A short clip may create discovery. A long-form video may build trust. A host-read appeal may deepen credibility. A direct mail package may provide a tangible response moment. A TV placement may bring the mission back into the shared household space.

The living room has always carried emotional weight. It is where families hear breaking news, watch stories that move them and encounter moments that shape belief, identity, generosity and action. But the new living room is different. It blends broadcast, streaming, social video, creator content, streaming channels and algorithmic discovery into one environment.

And every generation brings a different expectation to that screen.

Gen Z views television as an extension of the feed. They are not easily moved by polished institutional messaging. They want authenticity, immediacy and evidence. They want to see who is being helped, who is telling the story and whether the mission feels credible. Creator brands are becoming television brands, and the trust younger audiences place in a familiar face is proving just as valuable as a traditional network name.

Millennials are the bridge generation. They move fluidly between television, streaming apps, YouTube, podcasts, social feeds and mobile giving. They respond to content that is useful, transparent, emotionally honest and easy to act on. They do not want friction. If the story moves them, the next step must be immediate and clear.

Gen X may be the most overlooked audience in this shift. They are skeptical, independent and media-savvy. They still understand the authority of the television screen, but they verify before giving or getting involved. For them, the formula is trust plus proof. They want to know where the money goes, whether the organization is effective, and whether the appeal is grounded in reality rather than hype.

Boomers still have a deep relationship with the living room screen, but they are not passive viewers anymore. Many stream church services, watch YouTube on their Smart TVs, and respond to familiar hosts, strong storytelling and appeals tied to faith, family and legacy.

The Silent Generation, though smaller, remains significant for legacy giving. They respond best to clarity, consistency, trusted messengers, and a sense that their giving will outlive them.

That is why the question for ministries shouldn’t simply be how to buy more advertising space, but rather who they are trying to reach.

What shaped them? What do they trust? What do they question? What kind of story moves them? What makes them believe an organization is worthy of their generosity?

There is also a deeper reason platforms are chasing the living room: mobile is running out of room to grow. Social media platforms need new attention, new inventory and new environments. Television is where much of that remaining attention lives.

That should reframe how ministries and nonprofits think about television. Connected TV (like Smart TVs or TVs with an Amazon Fire Stick) is not simply an experimental add-on to a digital media plan. It is where engaged attention is moving next.

It is also where discovery and trust can converge.

Many viewers now begin watching full programs because of a short clip they first saw on social media. For a ministry or nonprofit, that matters. A short, honest clip may be the first step in a person’s journey that ends in a gift, a prayer request, a church visit, a volunteer application or a deeper relationship with the mission.

Connected television is not just another media-buying channel. It is where generational habits, creator trust, algorithmic discovery and shared household viewing collide.

The ministries and nonprofits that thrive will build integrated ecosystems: short-form content for discovery, long-form content for trust, authentic storytelling for credibility and simple response paths for action.

The ministries and nonprofits that win will be the ones that understand who is sitting on the couch – the teenager scrolling and streaming, the Millennial parent multitasking, the Gen X skeptic verifying, the Boomer watching with a giving history and the older donor thinking about legacy.

For ministries and nonprofits, the calling is simple: Do not just reach the living room. Earn a place in it.

This article was originally published by RealClearReligion and made available via RealClearWire.

Authored by Gary Abernathy via The Empowerment Alliance,

The political left is worried that the rapid expansion of data centers across the U.S. – a controversial but necessary development considering our competition with China – is increasingly accompanied by the corresponding construction of stand-alone natural gas plants to provide the power demands of the centers.

In Ohio, 10 gas-fired power plants are in the works to fuel new data centers. In West Virginia, a startup business building AI compute campuses plans to utilize hundreds of gas generators by 2028. Newly minted trillionaire Elon Musk has purchased a gas turbine company specifically to power the Tennessee-based data centers fueling Grok.

Across the nation, similar stories are playing out region by region, with dedicated gas plants often backed by tech giants who once swore off fossil fuels before reality set in.

Natural gas plants can be stood up relatively quickly and deliver the massive power required to keep the U.S. ahead of its adversaries in the AI/data center race. While data centers have resulted in controversies in some local communities – an unsurprising NIMBY reaction – other places have welcomed the developments.

As stated here before, artificial intelligence is here, like it or not. The only question is who will make the rules, the U.S. or China?

Soldiers in the anti-fossil fuel brigade are once again coming face-to-face with their biggest enemy: reality. And as usual, rather than seeking to engage fairly in the free market, backers of renewables are demanding that government write regulations requiring their use.

The Associated Press recently reported that “tech giants are demanding power at such speed and scale – some data centers consume more energy than a mid-size city – that the construction of wind and solar simply can’t keep up,” giving natural gas a substantial advantage. Most people call that the free market playing out as it naturally will. The climate change fearmongers call it foul play.

To level the field, the same old playbook is once again being deployed. For instance, in Michigan, Oregon and Minnesota, laws have been enacted in the last 18 months “designed to protect their pre-existing requirements that electric utilities use only emissions-free energy sources by 2040,” AP reported, adding that similar bills are emerging in California, Illinois, New Jersey, Pennsylvania and Virginia.

New York, not surprisingly, leads the way when it comes to the heavy hand of government mandates. There, legislation would force data centers over a certain size “to meet renewable energy benchmarks starting in 2030 and, by 2040, get at least 90% of their energy from renewable energies.”

The arrogance of those demanding that alternatives be given special consideration was once more on display courtesy of a New York state lawmaker who wrote the bill in question. “We are literally talking about the wealthiest companies in the world that are looking to build in New York state,” said state Sen. Kristen Gonzalez (D), adding, “and if they have the resources to put billions of dollars into data center development, then they certainly should have the resources to build out renewable energy sources to power them.”

So there!

Insisting what other people can and should do with their money – and writing legislation forcing them to do it – is a familiar page from the playbook of the left. Such attitudes will only be magnified by the new crop of socialists who are winning Democratic Party primaries across the country.

Of course, to back up the demand that renewables be governmentally propped up to power data centers, the left will trot out friendly new studies to bolster its arguments. So, right on cue, here comes the Environmental Integrity Project with another study condemning the big, bad gas plants.

“Dozens of planned gas plants to directly power data centers in the United States could emit as much greenhouse gas annually as Australia or France,” according to a Reuters story on the findings of the study.

“An industry of the future should not be chained to dirty fuels of the past and the air pollution from fossil fuels that cause real harm to communities,” said Jen Duggan, executive director of the EIP.

EPA Administrator Lee Zeldin countered, “I think that a lot of Americans would agree that we should win this race against China to be the AI capital of the world.” Amen.

The climate change movement flourished under the Obama and Biden administrations, costing taxpayers billions of dollars and funneling industries and consumers into a no-choice scenario of less reliable, less effective alternative power options. Thankfully, the Trump administration has unleashed all American energy resources – including inviting alternatives to compete in the free marketplace.

For now, the left acknowledges that the federal government is not friendly turf. So, when it comes to emerging data centers, the subsidies-and-mandates game is playing out at the state level, because without such help, as AP reported, “the construction of wind and solar simply can’t keep up.”

In the free marketplace, things that can’t keep up eventually fall by the wayside. But in the fantasyland of far-left (and socialist) idealism, government regulations keep them afloat or even put them in preferred positions – at least until their deficiencies become too obvious and too dangerous to pretend anymore. (For example, see the massive 2025 power outage in Spain, Portugal and parts of France, where alternatives failed and natural gas came to the rescue to restore power.)

The U.S. will likely win the AI race, but only because it got under way in earnest during the Trump administration. If it had happened under the Biden regime, our government would be mandating artificial benchmarks for renewables while China focused on controlling artificial intelligence for the world.

This article was originally published by RealClearEnergy and made available via RealClearWire.