SK Chairman Chey Tae-won agreed to pay 700 billion won in property division and will contest only the remaining 244 billion won in his divorce case. His legal team filed to narrow the scope of the appeal with the Seoul High Court on Aug. 31. The renewed appeal will focus on whether SK Group shares should be included as marital property and whether the division ratio and amount were legally calculated correctly. The case has moved through a 2024 high court ruling, a 2025 Supreme Court remand, and a July 24 retrial order for 944 billion won in cash.
SK Group Chairman Chey Tae-won, left, and his former wife, Art Center Nabi Director Roh Soh-yeong / Yonhap
SK Chairman Chey Tae-won, who appealed a high court retrial ruling ordering him to pay 944 billion won ($706.6 million) in property division to his ex-wife, agreed to pay the 700 billion won ($524.3 million) portion of the ruling and filed to contest only the remaining 244 billion won in the appeal.
According to sources on Wednesday, Chey’s legal representatives filed an application with the Seoul High Court on Aug. 31 to amend the scope of his appeal.
In the filing, Chey’s side reduced the scope of the appeal to 244 billion won, saying it decided to accept 700 billion won “for the greater cause of bringing the prolonged legal battle to a prompt resolution.” It continued that the remaining amount has issues in legal interpretation that should still be contested.
