SK Group's "Billionaire Divorce Case" Rekindles as Chairman Chey Tae-won Appeals $643 Million Judgment

Chey Tae-won's legal team said Friday it has filed an appeal with South Korea's Supreme Court against the July 24 ruling by the Seoul High Court, adding that the move aims to "minimize negative impacts on shareholders and group management." The payout amount accounts for approximately 12% of Chey Tae-won's personal wealth. Analysts suggest the divorce settlement is unlikely to materially erode Chey's fortune or threaten his control over SK Group.