Ruling in the "Divorce of the Century": Why the Court Ordered a Cash Settlement

[Anchor]

Let's discuss this further with Kim Deok-hyeon from the legal affairs team.

Q. Ruling in the "Divorce of the Century"... What are the stances of Chey Tae-won and Roh Soh-yeong?

[Kim Deok-hyeon : Right after the ruling, 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-geun / Legal representative for SK Group Chairman Chey Tae-won : We will be able to share our specific position after reviewing the ruling. We will also organize and state our stance on whether to appeal to the Supreme Court after reviewing the ruling.]

[Kim Deok-hyeon : On the other hand, Director Roh Soh-yeong's side left the court without making any particular comments. Both sides are expected to decide whether to appeal to the Supreme Court once again after analyzing the ruling. From Chairman Chey's perspective, even though the property division amount decreased from the 1.38 trillion won estimated in the previous appellate trial, it is still close to 1 trillion won. From Director Roh's perspective, the amount she is entitled to receive has decreased by 400 billion won compared to the previous appellate court's decision, making it likely that neither side will end the legal battle here. Another key issue is expected to be whether the Supreme Court can re-evaluate if 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?

[Kim Deok-hyeon : The remand trial 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 affect group operations. This appears to reflect the stance consistently maintained by Chairman Chey's side, which argued that even if property division were to take place, it should be paid in cash due to management control issues and other factors. Previously, the appellate court also ruled, just like the remand trial, that the division amount should be paid in cash. Furthermore, the court stated that the cash payment method also took into consideration the preference of Director Roh's side regarding the method of division. Even if the case goes back up to the Supreme Court and SK shares are once again deemed subject to division, the cash payment method itself is unlikely to change significantly.]

(Photo: Yang Hyun-철, Video Editing: Jeon Min-gyu)
※ Please note: This article was translated by AI and may contain errors.