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Korean top court partially overturns SK Group chairman's near $1 billion divorce settlement
The Supreme Court ruled the lower court erred due to an illicitly formed fund, overturning a 1.4 trillion won settlement while confirming 2 billion won alimony payment.
- On Oct. 16, the Supreme Court of South Korea sent Chey Tae-won's divorce back to the appellate court, striking down the about 1.4 trillion won property division but upholding the 2 billion won alimony order.
- Judges said the appeals court erred by treating money from Roh Soh-yeong's parents as joint property, noting the fund appeared illegally formed through bribes and Ms Roh cannot claim assets from 1991.
- Previously, the Seoul High Court ordered 1.38 trillion won in 2024, following earlier rulings that valued the combined wealth at 4 trillion won and included a 2022 Seoul Family Court order.
- Shares of SK Group affiliates fell after Thursday's ruling, with SK Inc. shares trading at 216,000 won, down 6.7 percent, but analysts say a shake-up is unlikely.
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13 Articles
13 Articles
Korean top court partially overturns SK Group chairman's near $1 billion divorce settlement
South Korea's Supreme Court on Thursday sent SK Group Chairman Chey Tae-won's high-profile divorce case, which required him to pay a record settlement, back to a lower court for review, handing the billionaire businessman a temporary victory.
·United Kingdom
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Coverage Details
Total News Sources13
Leaning Left2Leaning Right4Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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