"A divorce of the century... It feels like a K-drama" — Foreign media also spotlight Chey Tae-won and Noh So-young ruling

[Financial News] Foreign media widely reported the appellate ruling that Chey Tae-won must pay Noh So-young 944 billion won in property division.
According to the legal community on the 24th, Civil Division 1 (Family Affairs) of the Seoul High Court, presided over by Judge Lee Sang-joo, handed down the ruling at the remanded hearing in the property division case between the two. Chey must also pay 5% annual late interest from the day after the ruling becomes final until payment is completed. That amounts to 47.2 billion won a year, or about 130 million won a day.
In the first trial, the court ordered 100 million won in alimony and 66.5 billion won in property division. On appeal, that was raised to 2 billion won in alimony and 1.3808 trillion won in property division. The divorce itself and the 2 billion won alimony award were upheld, so only the property division amount was reconsidered in the remanded trial and adjusted to 944 billion won.
CNN reported the outcome of the divorce case on the same day, saying, "The ex-wife of a tech titan failed to secure a larger share of the AI boom in the 10-year 'divorce of the century' case."
CNN said another twist had emerged in the case, which has drawn nationwide attention, and noted that the award fell short of the amount Noh had sought.
The New York Times said, "The beginning and end of their marriage unfolded like a top-tier K-drama."
The Wall Street Journal reported that the so-called divorce of the century appears to be nearing its end, adding that the ruling is the latest chapter in a decade-long epic involving money, romance, corruption and betrayal, much like a K-drama.
Foreign media also noted that SK hynix's stock price has surged since 2015, when Chey publicly announced the divorce.
CNN said SK hynix shares were worth only about 33,000 won in 2015, but the company has since grown into one of the world's most valuable firms.
Agence France-Presse also reported that SK Group's stock price has more than tripled since 2015, and that one of the key issues in the case was whether the sharp rise in the group's value after the separation should be reflected in the property division.
Meanwhile, the ruling came nine years after the legal dispute between the two began in July 2017, when Chey filed for divorce mediation.
[email protected] Kim Soo-yeon Reporter