SK Group Chairman Chey Tae-won said on Monday he hopes for a successful mediation to bring a swift end to his asset division case [1].
The legal battle over the division of assets remains one of the most high-profile disputes involving a corporate leader in South Korea. A resolution through mediation would avoid a prolonged trial and provide certainty regarding the leadership and financial stability of the conglomerate.
Chey appeared at the Seoul High Court for the second mediation date of the remand trial on June 15, 2026 [1]. The proceedings began at 2 p.m. [2]. He was joined by Noh So-young, the director involved in the division process [1].
This mediation session follows a significant gap in the legal timeline. The current hearing occurs two years and two months after the previous hearing [1]. The court is attempting to facilitate a settlement between the two parties to resolve the dispute without a final judicial ruling on the asset split.
Speaking to reporters, Chey said, "I hope that the mediation can be successfully established so that it can end quickly" [1].
The remand trial focuses on the specific distribution of wealth and holdings following the breakdown of the marriage. Mediation is often used in these high-stakes corporate cases to prevent public disclosure of sensitive financial data and to mitigate the impact on company stock prices, a common concern for the SK Group's governance structure.
Neither party has disclosed the specific terms of the mediation currently under discussion. The court will determine if the parties have reached a mutual agreement or if the case will proceed toward a full trial judgment.
“"I hope that the mediation can be successfully established so that it can end quickly,"”
The willingness of Chey Tae-won to settle via mediation suggests a strategic priority to resolve personal legal liabilities to ensure the stability of SK Group's management. Because the case has dragged on for years, a settlement would remove a significant cloud of uncertainty that could otherwise affect investor confidence and the long-term governance of the conglomerate.
