South Korea’s Supreme Courtroom has determined to think about one other facet of the SK Group chairman’s bid to overturn the nation’s costliest divorce swimsuit, opening up the chance for the pinnacle of Korea’s second-largest conglomerate to cut back the scale of the settlement.
On Saturday, the justices accepted the attraction by SK Group Chairman Chey Tae-won, who was ordered by the Seoul Excessive Courtroom in Might to pay his spouse Roh Soh-yeong 1.38 trillion gained, or 35 % of the frequent wealth of Chey and Roh, in property division.
The best court docket turns down 70-80 % of appeals on divorce circumstances.
The Supreme Courtroom’s had already agreed to revisit the case final month, after Chey claimed the decision written by the excessive court docket contained a false calculation. The excessive court docket instantly admitted the error, however maintained the order and the settlement quantity.
The problem contested within the more moderen attraction is whether or not Roh’s father, former President Roh Tae-woo, offered a slash fund of 30 billion gained to SK chairman’s father Chey Jong-hyon, former chairman of Sunkyung — the predecessor of SK. If he did, the fund labored as seed cash for Sunkyung and contributed to the expansion of SK.
The excessive court docket acknowledged the purported slush fund based mostly on a be aware made by the previous president’s spouse. Attorneys defending Chey denied the fund’s existence, citing an absence of ample proof.
Chey additionally has been claiming that SK Inc. shares needs to be excluded from the property division as they’re thought-about to be property inherited from his father, relatively than wealth created by Chey himself.
With the brand new attraction accepted, it’s anticipated to turn into a prolonged authorized battle once more, giving Chey extra time to lift the money he has to pay Roh.
A verdict is anticipated within the first half of subsequent yr. Chey will then need to pay the settlement if the court docket makes a remaining ruling itself, but when the case is shipped again to the excessive court docket, a remaining determination will take even longer.
