SK Group chairman ordered to pay 944 billion won in property division to ex-wife
Seoul High Court issues ruling after Supreme Court sent divorce case back for review; alimony payment of 2 billion won remains in place.
Quick Look
- An appellate court ordered SK Group Chairman Chey Tae-won to pay 944 billion won to his former wife in a divorce-related property division case.
- The court also left intact the 2 billion won alimony payment.
AI-generated summary
Why It Matters
The case stems from the divorce between SK Group Chairman Chey Tae-won and Roh Soh-yeong. The Seoul High Court issued its ruling after the Supreme Court sent the case back for review while finalizing the divorce and Chey's alimony payment.
SEOUL -- An appellate court on Friday ordered SK Group Chairman Chey Tae-won to pay 944 billion won (US$644 million) in property division to his former wife, Roh Soh-yeong, in a closely watched case stemming from their divorce.
The Seoul High Court handed down the verdict following the Supreme Court's decision in October to send the case back for review while finalizing the divorce and Chey's alimony payment of 2 billion won to Roh, the daughter of late former President Roh Tae-woo.
What to Watch
AI outlook — possibilities, not facts
The case may continue to draw attention if either side seeks further legal action.
Possible · Within days
Market participants may briefly watch SK Group shares for sentiment effects.
Possible · Within days
Open Questions
- Will SK Group or Chey Tae-won appeal again?
- How will the ruling affect Chey Tae-won's personal wealth?
- Will the market react to the size of the payment?
