(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] The divorce case between Chey Tae-won, chairman of SK Group, and Roh Soh-yeong, director of Art Center Nabi, will be reviewed by the Supreme Court.

On the 20th, legal sources reported that Chairman Chey filed an appeal with the Seoul High Court’s Family Division 2 (Judges Kim Si-cheol, Kim Ok-gon, and Lee Dong-hyun).

Earlier, on the 17th, Chairman Chey announced in a press conference, "I have decided to appeal due to objective and clear errors discovered regarding the division of assets."

Chey's legal team argues that there is a critical error in the appellate court's calculation concerning the contribution of Chairman Chey and his father to the increase in SK's stock value.

The error pertains to the valuation of shares of Daehan Telecom (now SK C&C), the precursor to SK Corporation, as of May 1998.

Initially, the court calculated the stock value at 100 KRW per share but later corrected this to 1,000 KRW per share in the judgment. This adjustment changed the attributed value increase by the late Chairman Chey Jong-hyun from 12.5 times to 125 times and reduced Chairman Chey's contribution from 355 times to 35.6 times.

However, the court maintained that this correction did not affect the decisions regarding the 2 billion KRW in alimony and the 1.38 trillion KRW in asset division.

 

 

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