Aug 15 (Reuters) - SK Group Chairman Chey Tae-won has
appealed against a South Korean court ruling ordering him to pay
944 billion won ($668.52 million) to his former wife Roh
Soh-yeong in a record divorce settlement, his lawyers said.
The Seoul High Court ruled in late July that Chey should
make the cash payment as a division of marital assets, while
retaining his shares in SK Inc, the holding company
of South Korea's second-largest conglomerate.
The decision reduced a 1.38 trillion won award made by an
appeals court in 2024 after the Supreme Court rejected the
inclusion of alleged funds from Roh's father, former President
Roh Tae-woo, as a legally protected contribution.
Chey's appeal could prolong a closely watched case that has
focused investor attention on Chey's control of SK Group.
The case has drawn attention because an AI boom has sharply
increased the value of SK Group's semiconductor assets and, in
turn, Chey's holding company stake.
SK Hynix ( SKHY ), a major supplier of high-bandwidth memory (HBM)
chips used with AI processors, has been among the chief
beneficiaries of global demand for AI infrastructure.
The chipmaker listed American depositary shares on Nasdaq in
July, broadening its access to global investors after a surge in
its market value linked to the AI rally.
($1 = 1,412.0800 won)