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Chey Tae-won, Chairman of SK Group, and Roh Soh-yeong, Director of Art Center Nabi. (Photo courtesy of Yonhap News Agency) |
[Alpha Biz= Kim Jisun] A South Korean court has referred the high-profile divorce case between Chey Tae-won, Chairman of SK Group, and Roh Soh-yeong, Director of Art Center Nabi, to mediation in an effort to reach a settlement before issuing a final ruling.
The Seoul High Court announced that a mediation session for the remanded trial on asset division will be held on May 13. During the session, both parties are expected to negotiate the total value of marital assets and the share to be allocated to Roh.
If mediation fails, the case will proceed through formal trial procedures.
The scale of asset division has fluctuated significantly across court rulings. The first trial estimated total marital assets at KRW 214.2 billion, awarding Roh KRW 66.5 billion. However, the appellate court raised the estimate to KRW 4.01 trillion, granting Roh KRW 1.38 trillion.
The Supreme Court later overturned the appellate ruling in October last year, stating that both the total marital assets and Roh’s share should be recalculated at a lower level, and remanded the case to the Seoul High Court.
Roh’s claim that part of SK Group’s growth stemmed from illicit funds linked to her father, former President Roh Tae-woo, was not accepted. The Supreme Court ruled that such funds could not be considered a legitimate contribution to marital assets.
The divorce itself and alimony of KRW 2 billion to be paid by Chey were finalized by the Supreme Court.
The court scheduled the mediation session approximately four months after the first remanded hearing, which was held behind closed doors and included submissions from both parties and a direct statement from Roh.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
