Picture of SK Square logo

402340 — SK Square News Story

0.000.00%
kr flag iconLast trade - 00:00
TechnologyHighly SpeculativeLarge CapNeutral

South Korean court orders SK Chairman Chey to pay $640 mln to ex-wife in divorce ruling

South Korean court orders SK Chairman Chey to pay $640 mln to ex-wife in divorce ruling

- A South Korean court on Friday ordered SK Group Chairman Chey Tae-won to pay his former wife Roh Soh-yeong 944 billion won ($640 million) in a divorce-related property division case, lower than a previous 1.38 trillion won award that had drawn scrutiny of his stake in the group's holding company.

The ruling came after the Supreme Court last year overturned a part of a lower court's verdict on their divorce settlement case, saying alleged funds that Roh's father, former President Roh Tae-woo, had provided to the group could not be treated as a legally protected contribution.

Either side may appeal the ruling to the Supreme Court.


(Reporting by Joyce Lee and Kyu-seok Shim
Editing by Ed Davies)

((Kyu-seok.Shim@thomsonreuters.com;))

Recent news on SK Square

See all news