Next month, on the 24th, the verdict on the property division retrial of Choi Tae-won and Noh So-young will be announced.

*This content was translated by AI.

The verdict on the property division retrial of Choi Tae-won, Chairman of SK Group, and Noh So-young, Director of Arth Center Nabi, will be announced on the 24th of next month.

Although both sides were expected to sharply clash over whether SK shares should be included in the property division and the timing for valuing the assets, the court is expected to conclude the trial quickly, with the verdict to be delivered nine months after the Supreme Court's remand.

According to legal sources on the 26th, the Seoul High Court Family Division 1 (Judge Lee Sang-ju (Director)) held the second retrial argument session for the property division lawsuit on that day. Despite no obligation for the parties to appear, both Choi (Chairman) and Director Noh attended, and the trial began at 10 a.m., concluding in about 50 minutes. The court announced that the verdict for the retrial will be delivered at 2 p.m. on July 24.

Earlier, around 9:44 a.m., Director Noh arrived at the court first and remained silent in response to reporters' questions regarding the resumption of the retrial. Then, around 9:50 a.m., Choi (Chairman) arrived at the court and briefly replied to reporters asking, "Were the stocks recognized as joint property?" by saying, "I will finish well and come back," before entering the courthouse. Even after the trial ended, both individuals left the court without providing any answers.

The key issue in today's argument session was whether SK Co., Ltd. shares should be included in the property division. It is reported that both Choi (Chairman) and Director Noh made direct statements on this matter. Choi (Chairman) has consistently argued that the shares are unique property formed through inheritance and gifting, and thus should not be subject to division. In contrast, Director Noh maintained that since she took on household labor, including child-rearing, and supported Choi (Chairman)'s management activities, the stocks should also be considered joint property.

In the first instance, the court ruled that Choi (Chairman) must pay Director Noh 100 million won in damages and 66.5 billion won in property division. At that time, the court did not recognize Choi (Chairman)'s SK (Co., Ltd.) shares as joint property formed by the couple. However, in the second instance, the court determined the property division ratio between Choi (Chairman) and Director Noh as 65% and 35%, respectively. Considering the couple's joint property to be worth 4 trillion won, the court ruled that Choi (Chairman) must pay Director Noh 1.3808 trillion won.

The Supreme Court sent the case back to the Seoul High Court in October last year, stating that the second-instance judgment contained errors. However, the Supreme Court explicitly used the phrase "joint property of the couple, including SK shares" in its ruling and upheld the decision to award 2 billion won in damages.

The retrial proceedings will conclude with the court's verdict next month. If either party appeals the verdict after the announcement, the case will return to the Supreme Court for a final decision. If neither party files a further appeal, the retrial judgment will become final.

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*This content was translated by AI.