Choi Tae-won, chairman of SK Group, and No So-young, director of the Art Center Nabi, may finally conclude their property division lawsuit after nine years.
According to legal sources on August 9, the deadline for both parties to file an appeal against the ruling in the property division case is set for August 15.
However, under civil procedure law, if the last day falls on a Saturday or holiday, the deadline extends to the next business day. Therefore, it is likely that a decision on whether to appeal will be made by August 17.
If both Choi and No do not file an appeal or submit a waiver of appeal during this period, the ruling from the appellate court, which orders Choi to pay No 944 billion won, will be finalized.
This legal dispute began in 2017 when Choi filed for divorce mediation, which ultimately failed, leading to formal litigation in February 2018. No filed a counterclaim in 2019, agreeing to the divorce.
The first trial court ordered Choi to pay No 100 million won in alimony and 665 million won in property division.
The second trial court, considering the contributions of former President Roh Tae-woo's slush fund of 30 billion won to the growth of SK Group, awarded No a higher alimony of 200 million won and a property division amount of 1.38 trillion won.
However, the Supreme Court upheld the 200 million won alimony last October but ruled that the slush fund was illegal and could not be considered a contribution by No, sending the case back to the Seoul High Court.
In the appellate ruling held on July 24, the court ordered Choi to pay 200 million won in alimony and 944 billion won in property division.
* This article has been translated by AI.
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