[REVISION HISTORY]

SK Group divorce settlement developments

Updated 7 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-16 05:20 UTC → 2026-08-17 02:22 UTC · added ~~removed~~

On 23 July 2026, the Seoul High Court issued its final judgment in the divorce of SK Group chairman Chey Tae-won and former art-center director Roh Soh-yeong, ordering Chey to pay 944 billion won (about $644 million). The award, roughly one-third of the couple’s marital assets, reduced the 2024 award after the court excluded a disputed 30-billion-won contribution. Valuation of Chey’s SK Group shares relied on market prices at the end of the 2024 appellate hearing and reflected the AI-driven surge in SK Hynix, whose market value now exceeds $1 trillion. The judgment mandates a cash payment rather than a share transfer, prompting a sell-off in SK-related stocks – SK Inc fell 3.8% and SK Hynix 8.3% on 25 July. A 27 July report cited a higher figure of 9.44 trillion won (about $6.4 billion) for the cash payment, noting that the settlement would not involve any transfer of SK Group or SK Hynix shares. On 14 16 August 2026, ~~the final day of the deadline to contest the ruling, Chey Tae-won~~ Chey’s legal team filed ~~an appeal~~ a re-appeal to the Supreme ~~Court. His legal team stated~~ Court just one minute before the ~~decision to~~ deadline. The appeal ~~was made “after careful consideration~~ seeks to ~~minimize negative impacts on shareholders and the group's management.” Following~~ challenge the ~~appeal,~~ legal ~~disputes have intensified regarding~~ basis for the division ratio—set at approximately 33.3% for Roh and 66.6% for Chey—and the calculation method ~~of payment.~~ used for stock valuation. The legal move also allows Chey to defer significant daily late interest, estimated at approximately 130 million won per day. While Chey has proposed a combination of cash and SK ~~Group~~ shares to mitigate ~~market volatility~~ liquidity requirements and governance risks, Roh has maintained that the entire amount must be paid in cash. ~~Chey’s legal team also intends to challenge the legal application used for the division ratio and the timing of the SK share valuations.~~

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.