The high-profile divorce settlement ruling ordering SK Group Chairman Chey Tae-won to pay his ex-wife a record 1.38 trillion won ($1 billion), has commanded attention to how the chaebol chief would raise the cash, and the possible impact the ruling may have on the shareholding structure of the conglomerate. The Seoul High Court on Thursday ordered Chey to pay 1.38 trillion won in property division and 2 billion won i.
Kim & Chang, the biggest law firm in Korea, suffered a blow to its reputation as its lawyers were unable to secure victories for SK Group Chairman Chey Tae-won and HYBE in their respective lawsuits on Thursday, both of which garnered significant public attention, according to industry officials, Friday.
Shares of SK Group s holding company extended a steep rally on Friday after the latest court ruling that the group s chairman Chey Tae-won should pay 1.38 trillion won ($1 billion) to his estranged wife Roh So-young in a property settlement.
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