
SK Group Chairman Chey Tae-won claimed Monday that there were significant errors in an appellate court’s assessment of his estranged wife’s contribution to the growth of Korea’s second-largest conglomerate and announced his intention to bring the case to the Supreme Court for further review.
“I am compelled to lodge an appeal with the Supreme Court regarding the divorce ruling, as it has tarnished the reputation and pride of all members of SK Group,” Chey told reporters during a press conference.
This is part of a response to last month’s Seoul High Court ruling that Chey should pay 1.38 trillion won ($1 billion) in property division to his wife, Roh So-young, constituting the largest-ever divorce settlement in Korea.
The court ruled that Roh, who is the daughter of late former President Roh Tae-woo, contributed significantly to Chey’s asset 카지노사이트 accumulation. It ordered Chey to pay 35 percent of his assets, while the value of their combined wealth was estimated at around 4 trillion won.
Chey holds a 17.73 percent stake in SK Inc., which is valued at around 2.2 trillion won. He also owns 29.4 percent of SK Siltron, which amounts to some 700 billion won. SK Siltron is an unlisted affiliate of SK Group.
The chairman apologized to the public for causing concerns over his personal affairs. However, Chey and his legal representative argued that there was a critical error in calculating the figure, asserting that the court had overestimated Roh’s contribution to the accumulation of wealth.
“I was told the error was a very critical and serious one, because it is related to whether my stocks in SK are subject to the property division, and if so, how much it should be,” Chey said.
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