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SK Group Chairman Chey Tae-won (C) solutions reporters’ questions as he seems on the Seoul Prosecutors’ Workplace in Seoul, South Korea on Nov. 19, 2011. Picture by Reuters |
In the course of the first trial in Dec. 2022, Roh initially requested half of the 12,975,472 SK shares owned by Chey, valued at roughly 1.3 trillion received on the time, alongside 300 million received in alimony, as reported by the South Korean newspaper The Chosun Ilbo.
Nonetheless, the court docket denied her request, citing her lack of contribution to the rise within the shares’ worth. It consequently dominated that Roh would obtain 100 million received in alimony and a money sum of 66.5 billion received from Chey.
Each events disagreed with this choice and subsequently filed appeals.
Based on the South Korean newspaper Korea JoongAng Every day, Roh’s choice to vary her claims could have been influenced by the decline in SK’s inventory values and extra revelations about Chey’s monetary transactions, which had been disclosed following an order from the appellate court docket.
SK Group’s shares have seen a lower in worth, dropping from 200,000 received in Dec. 2022 to 160,000 received in January this yr. Consequently, the worth of the shares initially sought by Roh has decreased from 1.36 trillion received to 1.1 trillion received.
Roh and Chey are scheduled to look within the attraction trial on Thursday, marking the primary time the 2 events have met in court docket for the reason that attraction course of started.
Chey, 63, is the eldest son of Chey Jong-hyun, the previous chairman of SK Group. He assumed the position of chairman in 1998 following his father’s passing. Forbes estimated his web price at round $1.5 billion.
Roh, 62, is an artwork museum director and the daughter of Roh Tae-woo, who served because the sixth president of South Korea from 1988 to 1993.
The couple married in 1988 and initiated their divorce settlement between 2017 and 2019 after Chey admitted to fathering a toddler out of wedlock along with his present live-in companion, Kim Hee-young, as reported by Yonhap Information Company.
Roh had beforehand filed a lawsuit towards Kim in March of the earlier yr, demanding 3 billion received in compensation for the alleged psychological stress inflicted by Kim, as highlighted in a 2023 report by Korea JoongAng Every day.