"SK's Soaring Value over 10 Years"... Global Media Spotlight on the 'Divorce of the Century'

Major Outlets Including CNN, AFP, and Bloomberg Report on the Ruling

Focus on Whether SK's Surge in Value Will Be Included in Asset Division

On July 24, foreign media outlets also gave significant coverage to the appellate court's decision that Chairman Chey Tae-won of SK Group must pay Noh Soyoung, Director of Art Center Nabi, 944 billion won for the division of property.

U.S. network CNN reported on the same day, "The tech mogul's ex-wife failed to secure a bigger share in the AI boom during the 'divorce of the century,' which has dragged on for ten years."

Chairman Chey Tae-won of SK Group (left) and Noh Soyoung, Director of Art Center Nabi. Photo by Yonhap News

CNN added, "Another twist has emerged in this widely watched case," and explained, "The ruling requires Chairman Chey to pay 944 billion won to Director Noh for property division, which is less than the amount Noh had demanded."

The report also pointed out that when Chairman Chey publicly announced his intention to divorce in 2015, the stock price of SK hynix was only about 33,000 won, but since then, SK hynix has grown to become one of the most valuable companies in the world.

AFP also noted that SK's stock price has surged significantly recently compared to 2015, and reported that "one of the key issues in the lawsuit was whether the sharp increase in SK Group's value after the couple's separation should be considered in the division of assets."

Bloomberg assessed that, if finalized, the ruling could become the most expensive divorce case in Korean history. Bloomberg also reported, "Initially, Director Noh had demanded more than 40 percent of Chairman Chey's SK Group shares, which could have jeopardized Chey's control over the company," and indicated that Noh later changed her request to a payment in cash.

This content was produced with the assistance of AI translation services.