SK Group chief, ex-wife attend court mediation for asset division

SK Group Chairman Chey Tae-won and his former wife, Roh Soh-yeong, have failed to reach an agreement during a court mediation session concerning their asset division. The mediation's failure means the case will now proceed to trial, with oral arguments scheduled to commence on June 26. This development marks a continuation of their legal battle over assets.

In a separate but related matter, the Supreme Court has proposed mediation as a means to resolve a protracted dispute among the Kalyani siblings. The dispute centers on ancestral wealth and ownership stakes in publicly listed companies, notably including Bharat Forge. The estimated value of the assets involved in this family feud exceeds Rs 1 lakh crore, highlighting the significant financial stakes.

The legal proceedings for Chey Tae-won and Roh Soh-yeong stem from their divorce, which has led to complex negotiations regarding the division of substantial assets accumulated during their marriage. The return to trial indicates that a judicial decision may be necessary to determine the equitable distribution of their wealth. Meanwhile, the Supreme Court's intervention in the Kalyani family dispute suggests a judicial preference for out-of-court settlements in complex inheritance and corporate ownership conflicts, aiming to preserve family ties and business continuity where possible.