SK Group Chairman Chey Tae-won appeals divorce ruling

SK Group Chairman Chey Tae-won has appealed again to the Supreme Court against a July 24 ruling on remand ordering him to pay Roh Soh-yeong 944 billion won in cash in their divorce property settlement, a move legal observers say is unlikely to reduce the award but could delay when payment becomes final. Because the appellate court required cash rather than shares, Chey may need time to sell SK stock, raise dividends from affiliates such as SK Telecom or borrow against his holdings, while a delay would also postpone 5% annual interest and Roh's ability to seek compulsory enforcement. The Seoul High Court left the award unchanged after the Supreme Court excluded 30 billion won linked to former President Roh Tae-woo from Roh's contribution, but still gave Roh a one-third share of the couple's property, included SK shares among divisible assets and reflected a fivefold rise in SK's share price during the proceedings. The case continues to fuel debate over how Roh's contribution to SK's growth and later assets, including around the Hynix Semiconductor acquisition and SK Siltron stake purchase, should be assessed.

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