Court: "Choi Tae-won Cannot Dispose of Stocks Before Property Division Ruling with Noh So-young"

Chairman Chey Tae-won of SK Group (left) and Director Noh So-young of Art Center Nabi / Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Kim Daehyun] The court has ruled that SK Group Chairman Chey Tae-won cannot dispose of his shares until a conclusion is reached in the divorce lawsuit with Noh So-young, director of the Art Center Nabi.

According to the legal community on the 12th, Judge Shin Hye-sung of the Family Division 33 of the Seoul Family Court recently decided on a provisional injunction prohibiting Chairman Chey from disposing of shares at the request of Director Noh.

The court prohibited Chairman Chey from transferring or pledging the 3.5 million SK shares he holds, or any other acts of disposal, until the main judgment on the divorce and property division lawsuit is delivered.

Chairman Chey acknowledged the existence of an extramarital child in 2015 and announced his intention to divorce Director Noh due to personality differences. He later applied for divorce mediation in 2017, but both parties failed to reach an agreement.

Director Noh initially opposed the divorce but reportedly filed a counterclaim in December 2019 agreeing to the divorce, demanding 300 million won in alimony and 42.29% of the SK shares held by Chairman Chey.

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