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Industry

Court orders SK Group chairman Choi Tae-won to pay Roh So-young 944 billion won in asset division

A Seoul appeals court ordered SK Group Chairman Choi Tae-won to pay 944 billion won to Roh So-young, director of Art Center Nabi, in an asset division ruling. The amount is more than 400 billion won lower than the 1.38 trillion won set by an earlier appeal court. The court included Choi’s SK Inc stake in the assets. The dispute has centred on whether the shares were divisible and which date to use for valuation.

Telecommunications & Media

SKT 5G exaggerated advertising 16.83 billion won fine cancelled; court says amount miscalculated

SK Telecom partially won a first-instance administrative lawsuit challenging South Korea\'s antitrust regulator over sanctions for exaggerated 5G speed advertising. The Seoul High Court ruled the ads were false or exaggerated, deceptive and likely to mislead consumers, and found the conduct illegal. But it said the Fair Trade Commission miscalculated the violation period, causing errors in the revenue base used to compute the penalty, and cancelled the 16.83 billion won fine.

Games & Commerce

Court suspends KFTC designation of Coupang chairman Kim Bum-seok as controlling shareholder

A South Korean court has suspended the Fair Trade Commission’s decision to designate Coupang Inc chairman Kim Bum-seok (김범석) as the conglomerate’s controlling shareholder, pending the outcome of a lawsuit. The Seoul High Court granted part of Coupang’s request for a stay, halting the designation’s effect until 30 days after the main verdict is delivered. It also suspended the KFTC’s order seeking documents related to Kim for the same period.