SK Group chairman Chey Tae-won faces court ruling on massive divorce asset split

South Korea's Seoul High Court scheduled a July 24 verdict in the divorce asset‑division case of SK Group chairman Chey Tae-won and art‑center director No So‑young, following a second hearing on July 26. Both parties attended the hearing, which resumed after a failed mediation.

The core dispute centers on whether Chey’s SK shares constitute marital property. If counted, the split could exceed 1 trillion won, far above the 665 billion‑won award from the 2022 first‑instance ruling. A 2024 appellate decision had raised the amount to 1.38 trillion won, but the Supreme Court sent the case back, confirming only a 20 billion‑won alimony payment.

The hearing highlighted arguments that the shares are either “special property” owned before marriage or joint assets reflecting No’s contributions to the family and the business. The outcome will influence the financial settlement between the high‑profile couple and could have implications for SK Group’s ownership structure.