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South Korea's Top Court Overturns W1.38 Trillion SK Divorce Award, Orders Recalculation

Justices ruled a disputed 30 billion-won transfer appeared bribe-derived, narrowing assets to be divided.

Overview

  • The Supreme Court struck down the Seoul High Court’s 2024 order for Chey Tae-won to pay 1.38 trillion won and remanded the case for a new property-division calculation.
  • Justices found a 30 billion-won transfer tied to former President Roh Tae-woo appeared to be bribe-funded and cannot be counted as marital assets.
  • The court left intact a one-off alimony award of 2 billion won to Roh Soh-yeong.
  • The ruling eases immediate funding pressure that had raised governance concerns at SK Group, though SK Inc. shares were down 6.7% at 1:30 p.m. in Seoul trading.
  • The decision prolongs an eight-year legal battle over assets and SK stakes, with the appellate court now set to revisit valuations and contribution assessments.