Seoul High Court ruled on July 24 that SK Group Chairman Choi Tae-won must pay 944 billion won in asset division to Roh So-young, director of Art Center Nabi, in their divorce retrial case. The court announced the decision at 2:06 PM, setting the asset division ratio at one-third for Roh and two-thirds for Choi, with the valuation based on April 16, 2024, when SK stocks closed at 160,000 won. The ruling followed the Supreme Court's October reversal of the second trial verdict, which had ordered 1.3808 trillion won in asset division—significantly higher than the first trial's 66.5 billion won award.
Seoul High Court Orders 944 Billion Won Asset Division
The Seoul High Court's retrial ruling on July 24 determined that Choi Tae-won holds SK stocks subject to asset division. The court set the asset division ratio at one-third for Roh So-young and two-thirds for Choi Tae-won. The court stated it used the closing date of factual trial arguments in the divorce case as the valuation standard, which occurred on April 16, 2024. At that time, SK stocks closed at 160,000 won. The court explained it considered the significant increase in the value of Choi's stock holdings when determining the asset division amount.
SK Stocks Decline 2.67% Following Court Announcement
SK stocks traded at 637,500 won as of 2:41 PM on July 24, down 17,500 won (2.67%) from the previous closing price of 655,000 won. The stock opened at 655,000 won and declined more than 4% during morning trading as the broader index fell. After the court announced its ruling at approximately 2:06 PM, SK stocks temporarily reduced their losses to the 1% range. The first trial had awarded 1 billion won in alimony and 66.5 billion won in asset division, while the second trial increased these amounts to 2 billion won in alimony and 1.3808 trillion won in asset division.
Court Sets April 2024 as Asset Valuation Date
The court designated April 16, 2024—the closing date of factual trial arguments in the divorce case—as the asset valuation date. SK stocks closed at 160,000 won on that date. Considering the previous closing price of 655,000 won, SK stock price increased approximately four times since the valuation date. This contrasts with the October Supreme Court ruling that reversed the second trial verdict, when SK stocks dropped 5.62% to close at 218,500 won.
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![Choi Tae-won and Roh So-young at court hearing]()
FAQ
What did Seoul High Court rule in Choi Tae-won's divorce case on July 24?
Seoul High Court ruled at 2:06 PM on July 24 that Choi Tae-won must pay 944 billion won in asset division to Roh So-young. The court set the asset division ratio at one-third for Roh and two-thirds for Choi, using April 16, 2024 as the valuation date when SK stocks closed at 160,000 won.
How did SK stocks react to the court ruling announcement?
SK stocks traded at 637,500 won at 2:41 PM on July 24, down 2.67% from the previous closing price. The stock temporarily reduced its losses to the 1% range after the court announced the ruling at approximately 2:06 PM, having declined more than 4% during morning trading.
What were the previous trial rulings in this divorce case?
The first trial awarded 1 billion won in alimony and 66.5 billion won in asset division. The second trial increased these amounts to 2 billion won in alimony and 1.3808 trillion won in asset division. The Supreme Court reversed the second trial verdict in October, leading to this retrial ruling of 944 billion won in asset division.
