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Ruling on the "Century's Divorce": Why the Court Ordered Cash Payment


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[Anchor]

Let's discuss this further with legal team reporter Kim Deok-hyeon.

Q. Ruling on the "Century's Divorce"... What are the positions of Chey Tae-won and Roh Soh-yeong?

[Reporter Kim Deok-hyeon : Immediately after the ruling, SK Group Chairman Chey Tae-won's side stated, "We apologize for causing concern to many people during the divorce proceedings," and added that they would announce their official stance later.]

[Lee Jae-keun / Legal representative for SK Group Chairman Chey Tae-won : We will be able to share our specific stance after reviewing the judgment. We will also organize and state our position regarding whether to appeal after examining the ruling.]

[Reporter Kim Deok-hyeon : On the other hand, Roh Soh-yeong's side left the court without any particular comments. Both sides are expected to decide whether to file another appeal after analyzing the judgment. From Chairman Chey's perspective, even though the property division amount decreased from the 1.38 trillion won calculated in the previous appellate trial, it is still close to 1 trillion won. From Director Roh's perspective, the amount she can receive has decreased by 400 billion won compared to the previous appellate court's judgment, raising the possibility that neither side will end the legal battle here. Another key issue is whether the Supreme Court will review once again whether SK shares owned by Chairman Chey are subject to property division.]

Q. "Cash payment for property division"... What is the significance of the court's judgment?

[Reporter Kim Deok-hyeon : The remand appellate court ordered the property division to be paid in cash, pointing out that Chairman Chey's SK shares serve as the basis for management and control of the company, meaning they could impact group operations. This appears to reflect Chairman Chey's consistent argument that even if property division were ordered, it should be paid in cash due to management control issues. Previously, the appellate court, much like the remand appellate court, also ruled that the division amount should be paid in cash. Furthermore, the court stated that Director Roh's preference regarding the method of division was also taken into account for the cash payment method. Even if the case goes up to the Supreme Court again and SK shares are determined to be subject to division, the cash payment method itself is unlikely to change significantly.]

(Photo courtesy of Yonhap News)

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