SK Group Chairman's 944 Billion Won Divorce Settlement Confirmed as Cash Payment on July 24

According to Seoul High Court, SK Group Chairman Chey Tae-won was ordered on July 24 to pay 944 billion won in divorce settlement as cash instead of shares, thereby avoiding share dilution and management control risks.

The court's decision to require cash payment rather than equity transfer allows the chairman to maintain his shareholding and control of group operations. Market analysts note that avoiding share distribution eliminates potential governance disputes, though the substantial cash requirement may necessitate asset sales or dividend increases from subsidiaries such as SK Telecom to fund the settlement.