Final Ruling Today in the Remanded Appeal over Asset Division Between Chey Tae-won and Noh So-young

The ruling in the remanded appeals trial of the property division lawsuit between SK Group Chairman Chey Taewon and Art Center Nabi Director Roh Soyoung will be handed down at 2 p.m. on the 24th at the Seoul High Court. This ruling is drawing strong attention from the business community because it determines the size of the property division, the key issue in the nineyearlong divorce case. The first trial recognized 100 million won in alimony and 66.5 billion won in property division, but the second trial greatly increased this to 2 billion won in alimony and 1.3808 trillion won in property division. However, the Supreme Court sent the case back for retrial, saying that former President Roh Taewoo's 30 billion won support could not be seen as a contribution by Director Roh. In the remanded trial, the main issues are whether SK Inc. shares are separate property formed through inheritance and gifting, or whether they can be regarded as marital property, and the timing of the property valuation. Depending on the scale of the property division, attention is also being paid to the impact on Chairman Chey's control structure of the SK Group.