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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Culture & Society

Roh Soh-young Attends Divorce Asset Mediation; Chey Tae-won Absent

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Roh Soh-young, director of the Art Center Nabi, attended a court mediation session regarding the division of assets in her divorce from SK Group Chairman Chey Tae-won.
  • Chey Tae-won was absent from the mediation, with only his legal representatives present.
  • The case involves a significant dispute over the division of SK shares, with previous rulings varying widely on the amount and nature of assets to be divided.

The protracted divorce proceedings between Roh Soh-young, director of the Art Center Nabi, and SK Group Chairman Chey Tae-won have reached another critical stage with a court-ordered mediation session. Roh Soh-young was present at the Seoul High Court, engaging in discussions aimed at resolving the complex division of assets. Her husband, Chey Tae-won, however, opted to be represented solely by his legal team, highlighting the ongoing tension in their separation.

The legal battle centers on the division of marital assets, with a particular focus on Chey Tae-won's substantial holdings in SK Group. The case has seen a dramatic shift in judicial decisions, starting with a lower court's ruling that awarded Roh Soh-young a comparatively modest sum. This was followed by an appellate court decision that significantly increased the awarded amount, including a substantial portion of SK shares, based partly on the perceived contribution of Roh's father, former President Roh Tae-woo, and alleged funds linked to him. The Supreme Court, however, remanded the case, questioning the inclusion of these funds as marital assets due to their potentially illicit origins.

For South Korea, this case transcends a typical celebrity divorce. It delves into the intricate relationships between powerful business conglomerates (chaebols), political influence, and family fortunes. The narrative surrounding the alleged contribution of former President Roh Tae-woo's funds to SK Group's growth adds a layer of historical and political context unique to the South Korean experience. While international coverage might focus on the astronomical figures involved, domestic reporting often explores the societal implications, the role of women within chaebol families, and the fairness of asset distribution in the context of South Korea's unique economic and political history. The mediation process represents a crucial opportunity to find an amicable resolution, but the deep divisions in the case suggest that further legal battles may still lie ahead.

DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.