Court Orders Chey Tae-won to Pay Roh Soh-yeong 944 Billion Won in Property Division

[Anchor]

In the remand trial for the property division lawsuit between SK Group Chairman Chey Tae-won and Art Center Nabi Director Roh Soh-yeong, the court has ruled that Chairman Chey must pay Director Roh 944 billion won. The court determined that SK shares owned by Chairman Chey are subject to division and recognized one-third of the total joint property as Director Roh's share.

First, we have a report from Reporter Jang Hun-gyeong.

[Reporter]

Chairman Chey Tae-won of SK Group and Director Roh Soh-yeong of Art Center Nabi, whose 1988 marriage between the eldest son of a conglomerate family and the daughter of the sitting president drew massive attention.

The so-called "divorce of the century," which began in 2017 after Chairman Chey abruptly revealed his out-of-wedlock child in 2015, has finally concluded after nine years.

The Seoul High Court ordered Chairman Chey to pay Director Roh 944 billion won in the remand trial for their divorce property division lawsuit.

Although the divided amount is about 400 billion won less than the 1.3808 trillion won ruled by the second trial before the remand, the court recognized the SK shares held by Chairman Chey as subject to division.

The court did not accept Chairman Chey's argument that SK shares are separate property inherited from the late former chairman and therefore not subject to division.

The court explained, "During the marriage, the value of the shares increased significantly due to Chairman Chey's management activities, and Director Roh contributed through housekeeping, childcare, and external activities related to SK Group."

However, the court did not accept Director Roh's claim that the valuation date for the shares subject to division should be the closing date of arguments in the remand trial, instead determining it to be April 2024, the closing date of arguments in the previous appellate trial.

The court explained that after the closing of arguments in the previous appellate trial, "Although SK's stock price rose sharply, it cannot be said that Chairman Chey's contributions had no effect."

Previously, in the first trial in 2022, the court ordered Chairman Chey to pay Director Roh 66.5 billion won in property division and 100 million won in alimony, but two years later, the second trial substantially increased the property division to 1.3808 trillion won and alimony to 2 billion won.

Last October, the Supreme Court finalized the divorce and alimony rulings while ordering a remand to recalculate the property division amount, excluding funds such as former President Roh Tae-woo's slush funds.

(Video Editing: Lee Sang-min)
※ Please note: This article was translated by AI and may contain errors.