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Chey Tae-won challenges 33.3% property division for Roh So-young, submits grounds for appeal

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2026-10-12 21:26:48
Updated
2026-10-12 21:26:48
Chey Tae-won, chairman of SK Group (left), and Roh So-young, director of Art Center Nabi, answer questions from reporters as they attend a hearing in their divorce appeal at the Seoul High Court in Seocho-gu, Seoul, on the afternoon of April 16, 2024. News1
[Financial News] Chey Tae-won, chairman of SK Group, challenged the remand appellate court’s ruling recognizing Roh So-young’s share of the property division as 33.3%.
According to legal sources on the 12th, Chey’s side submitted a statement of grounds for appeal that day to the Supreme Court, which is hearing a further appeal in the property division case.
Chey’s side is reportedly taking issue with the fact that Roh’s share of the property division did not decrease significantly even after the portion attributed to former President Roh Tae-woo’s slush fund was excluded.
Last October, the Supreme Court overturned and remanded the case, ruling that even if former President Roh’s 30 billion won in slush funds had been transferred to SK, it could not be recognized as a contribution to Roh’s wealth because the money was illegal.
Last July, the remand appellate court excluded any contribution from the slush fund but set Roh’s share at one-third and ordered Chey to pay 944 billion won in property division. Before the case was remanded, the appellate court had recognized Roh’s share as 35%.
Chey’s side has reportedly also challenged the decision to factor in the rise in SK’s stock price when setting the division ratio. The remand appellate court set April 16, 2024—the date closing arguments concluded in the appeal before remand—as the valuation date for the shares, but took the subsequent sharp rise in the stock price into account when calculating the division ratio in the interests of fairness.
Chey’s side is also expected to challenge the decision to include his stake in SK Siltron, acquired in 2017, among the assets subject to division. The argument is that it should be treated as property acquired after the marital relationship broke down.
Roh’s side has not filed a cross-appeal to date. A cross-appeal is a procedure through which a party asks the Supreme Court to review portions of a lower-court ruling unfavorable to them when the other party has appealed.
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