Choi Tae-won, chairman of SK Group, has filed an appeal against a ruling requiring him to pay 944 billion won to his ex-wife, Noh So-young, the director of the Art Center Nabi. However, he stated that he will only contest 244 billion won of the total amount.
According to legal sources on September 9, Choi's legal team submitted a request to the Family Division of the Seoul High Court on August 31, indicating that they accept the division amount of 700 billion won but will appeal the remaining sum.
Choi's representatives explained, "In light of the prolonged nature of this dispute, we aim to reduce the conflict and resolve the matter swiftly, thus we accept the 700 billion won. However, we believe there are legal issues with the amount exceeding that."
Previously, the Family Division of the Seoul High Court ruled in July that Choi must pay Noh 944 billion won as part of their property division. The court determined that the SK shares held by Choi were acquired during their marriage and should be included in the division. However, it did not recognize the contribution of 30 billion won in slush funds provided by the late former President Roh Tae-woo to SK.
Choi's legal team submitted the appeal just before the deadline on August 14 at 11:59 PM.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.