{
  "id": 1453692,
  "title": "How SK chief can raise cash for property settlement",
  "url": "https://urgent.news/2026/08/17/how-sk-chief-can-raise-cash-for-property-settlement-1453692",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T09:12:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20260817/how-sk-chief-can-raise-cash-for-property-settlement"
  },
  "original_language": "en",
  "account": "SK Group Chairman Chey Tae-won has found a glimmer of hope in his protracted divorce case after filing an urgent appeal to the Supreme Court against a staggering 944 billion-won ($668 million) settlement. However, the development has now posed a new predicament for him: figuring out how to amass the necessary funds. Chey's legal team submitted the appeal on Friday, just before the midnight deadline, effectively prolonging the legal conflict that commenced in 2017, potentially transforming it into a decade-long ordeal. The appeal also serves to safeguard Chey from accruing late-payment interest on the settlement, which would accumulate at a rate of approximately 130 million won daily, adding an additional financial strain. In July, the Seoul High Court mandated Chey to pay his ex-wife, Roh Soh-yeong, 944 billion won as part of their property settlement. Chey's most viable avenue to secure the required funds is through a stock-backed loan. As the largest shareholder in SK Inc., with a 17.9 percent stake, Chey's ownership of the company's holding entity equates to significant assets to leverage for financing. The issue at hand is that using his shares as collateral for a loan could potentially jeopardize his stake in the conglomerate.",
  "summary": "SK Group Chairman Chey Tae-won has secured critical breathing room in his decade-long divorce saga after filing a last-minute appeal to the Supreme Court against a 944 billion-won ($668 million) divorce settlement. But the move leaves him with a fresh question: how to raise the cash. Chey's side filed the appeal Friday, shortly before the midnight deadline, extending the legal battle that began…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "How SK chief can raise cash for divorce settlement",
        "url": "https://urgent.news/2026/08/17/how-sk-chief-can-raise-cash-for-divorce-settlement",
        "published": "2026-08-17T06:57:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}