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Chey Tae-won appeals 944 billion won property division ruling
SK Group Chairman Chey Tae-won has filed an appeal to the Supreme Court regarding a property division ruling in his divorce from Roh So-young, director of Art Center Nabi. The appeal was submitted on August 14, the final day of the deadline.
The case follows a Seoul High Court decision that ordered Chey to pay Roh 944 billion won in cash. This ruling came after the Supreme Court had previously sent the case back for retrial, specifically excluding 30 billion won in slush funds from former President Roh Tae-woo from the divisible assets.
Legal analysts suggest the appeal may be a strategic move to delay the finalization of the judgment. If the ruling becomes final, Chey faces a 5% annual interest penalty for delayed payments, which amounts to approximately 130 million won per day. Chey's legal team stated that the decision to appeal was made after careful consideration to minimize negative impacts on shareholders and the group's management.
Entities
Chey Tae-won · Roh So-young · Roh Tae-woo · SK Group · Seoul Central District Court · Seoul High Court
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Chey Tae-won's legal team submitted an appeal to the Supreme Court on the deadline of August 14. www.chosunonline.com · www.ithome.com · www.seoul.co.kr
- [● 3 SOURCES] If the payment is delayed, Chey faces a 5% annual interest rate, amounting to roughly 130 million won per day. www.imaeil.com · www.ithome.com · www.hani.co.kr
- [● 2 SOURCES] Analysts suggest the appeal may be an attempt to delay the final judgment to allow time to raise the necessary cash. www.imaeil.com · www.ithome.com
- [● 3 SOURCES] The Supreme Court previously ruled that 30 billion won in slush funds from former President Roh Tae-woo could not be included in the property division. www.imaeil.com · www.hani.co.kr · www.seoul.co.kr
- [● 2 SOURCES] The SK Supex Council stated they aim to minimize negative impacts on shareholders and group management during the appeal process. www.chosunonline.com · www.seoul.co.kr
- [● 5 SOURCES] The Seoul High Court ruled that SK Group Chairman Chey Tae-won must pay 944 billion won in cash to Roh So-young. www.imaeil.com · www.chosunonline.com · www.ithome.com · www.hani.co.kr · www.seoul.co.kr