SK chairman accepts $524.3 mil. in property division in divorce case
SK Chairman Chey Tae-won, who appealed a high court retrial ruling ordering him to pay 944 billion won ($706.6 million) in property division to his ex-wife, accepted the 700 billion won ($524.3 million) portion of the ruling and filed to contest only the remaining 244 billion won in the appeal. According to sources on Wednesday, Chey’s legal representatives filed an application with the Seoul…
SK Chairman Chey Tae-won has accepted a property division of 700 billion won ($524.3 million) from his ex-wife in a divorce case, according to The Korea Times. Chey's legal representatives filed an application with the Seoul High Court on August 31 to amend the scope of his appeal, reducing it to 244 billion won ($174.3 million).
The renewed appeal will focus on whether SK Group shares should be included in the marital property and whether there were legal errors in the division ratio and amount calculation. The Supreme Court will review these factors within the limited scope of the 244 billion won.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
