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Seoul Court Orders SK Chairman to Pay W944 Billion to Ex‑Wife

The cash award preserves Chey’s ownership of SK shares, creating pressure to raise liquidity that could affect corporate financing and investor confidence.

Overview

  • The Seoul High Court ordered Chey Tae‑won to pay his former wife Roh Soh‑yeong 944 billion won in property division on Friday, July 24.
  • The court ruled Chey’s SK Inc. shares are part of the marital estate but fixed their value at 160,000 won per share using the April 16, 2024 closing price.
  • Judges credited Roh with one‑third of the couple’s divisible assets for contributions such as homemaking, child‑rearing and public activities related to SK Group.
  • The award replaces a higher 1.38 trillion won appellate judgment after the Supreme Court rejected counting an alleged 30 billion won slush fund and sent the property calculation back for review.
  • Either side may still appeal, so the ruling is not final, and markets are watching how Chey might raise cash through borrowing, asset sales or share pledges and what that means for SK Group governance.