SK Group chairman faces deadline to appeal 944 billion won divorce settlement
Koreajoongangdaily Joins News
Chey Tae-won has until Friday to appeal a 944 billion‑won (≈$666 million) divorce settlement, which is unlikely to be overturned.Summary
SK Group chairman Chey Tae-won has a Friday deadline to appeal the Seoul High Court’s 944 billion‑won (about $666 million) property division ruling that ends a nine‑year divorce battle. The Supreme Court is unlikely to reverse the decision, so an appeal would only delay payment and allow Chey time to raise cash, while interest on the unpaid amount would accrue at 5% annually. He may use SK shares as collateral for a loan, but that carries risks of additional collateral demands or forced liquidation if share prices fall. If he does not appeal, the ruling becomes final, enabling his ex‑wife Roh Soh‑yeong to collect the settlement immediately.
(Source：Koreajoongangdaily Joins News)