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Market Chatter: SK Group Chairman Agrees to KRW700 Billion Divorce Property Settlement

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SK Group Chairman Chey Tae-won has agreed to accept 700 billion won of a 944 billion won divorce property settlement ordered by a Seoul ⁠court in favor of his former wife, Roh Soh-yeong, Reuters reported Wednesday, citing local media.

Chey will contest the remaining 244 billion won dispute in the Supreme Court, narrowing the dispute over the divorce settlement.

The Seoul court in late July ruled that Chey should make the cash payment to his former wife as a division of marital assets while retaining his shares in SK (KRX:034730).

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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HBM Partner Reports Positive Interim Results in Phase 2 Trial of Asthma Treatment

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