Seoul High Court to rule on 1.38 trillion won divorce settlement between Chey and ex-wife Roh Soh-yeong
SK Group Chairman Chey Tae-won faces high-stakes asset division ruling
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Summary
In May 2024, the Seoul High Court ordered Chey to pay about 1.38 trillion won in asset division to Roh after recognizing a purported slush fund worth 30 billion won that Roh's father allegedly funneled to Chey's father as part of the younger Roh's contributions in the marriage. Another point of contention is the exact valuation date for Chey's stake in SK Inc., with each share valued at 160,000 won ($108) when oral arguments at the appellate trial initially closed in April 2024. SEOUL, July 24 (Yonhap) -- A Seoul appellate court was set to deliver its verdict Friday on the closely watched asset division case between SK Group Chairman Chey Tae-won and his former wife, Roh Soh-yeong, nearly a decade after divorce proceedings first began.
Furthermore, Chey and Roh married in 1988 and have three children together. Chey started the proceedings after admitting in 2015 to having an extramarital lover and a child with her. The ruling for the high-stakes case comes nine years after Chey, the head of one of South Korea's largest conglomerates, first filed for divorce mediation in 2017.
In addition, Chey has argued that the stocks are separate property acquired through inheritance or gifts, while Roh has contended that they fall under joint property, citing her child-rearing and household contributions. The Supreme Court, however, overturned the ruling, saying that even if the alleged fund had been funneled, it could not be considered in the asset division as the fund itself appeared to have been illegal. (Yonhap).
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In May 2024, the Seoul High Court ordered Chey to pay about 1.38 trillion won in asset division to Roh after recognizing a purported slush fund worth 30 billion won that Roh's father allegedly funneled to Chey's father as part of the younger Roh's contributions in the marriage.
reliability low1/2 sourcesAnother point of contention is the exact valuation date for Chey's stake in SK Inc., with each share valued at 160,000 won ($108) when oral arguments at the appellate trial initially closed in April 2024.
reliability low1/2 sourcesSEOUL, July 24 (Yonhap) -- A Seoul appellate court was set to deliver its verdict Friday on the closely watched asset division case between SK Group Chairman Chey Tae-won and his former wife, Roh Soh-yeong, nearly a decade after divorce proceedings first began.
reliability low1/2 sourcesChey and Roh married in 1988 and have three children together.
reliability low1/2 sourcesChey started the proceedings after admitting in 2015 to having an extramarital lover and a child with her.
reliability low1/2 sourcesThe ruling for the high-stakes case comes nine years after Chey, the head of one of South Korea's largest conglomerates, first filed for divorce mediation in 2017.
reliability low1/2 sourcesChey has argued that the stocks are separate property acquired through inheritance or gifts, while Roh has contended that they fall under joint property, citing her child-rearing and household contributions.
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The Supreme Court, however, overturned the ruling, saying that even if the alleged fund had been funneled, it could not be considered in the asset division as the fund itself appeared to have been illegal. (Yonhap)
according to The Korea Herald
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