Chey apologizes for 'public concern' after massive divorce settlement


SK Group Chairman Chey Tae-won issued an apology on Monday following a high-profile divorce settlement ruling that ordered him to pay a record 1.38 trillion won ($1 billion) to his ex-wife. This ruling raised concerns among the company's employees and stakeholders. During an extraordinary meeting held by the SK Supex Council, Chey expressed his commitment to ensuring that his personal affairs would not negatively impact the company's business operations and the national economy. He acknowledged the public concern caused by his personal affair and emphasized his dedication to fulfilling his duties and safeguarding SK Group's values and pride. The Seoul High Court's ruling in favor of Roh Soh-yeong, Chey's estranged wife, marked the largest property division in a divorce case in South Korean history. Chey accepted the court's judgment while expressing regret over the impact on SK's history and pride. The appellate court considered Roh's contributions to SK Group's expansion during their 36-year marriage, including her father's alleged financial support. Chey's legal team denied the existence of the alleged slush fund and contested the court's view of SK's relationship with the former administration. During the council meeting, Chey emphasized his focus on the group's business management, particularly in green energy, biopharmaceuticals, and artificial intelligence, while also addressing concerns about the company's future in the turbulent market.


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