[Special Stock] SK Rises for 2 Consecutive Trading Days Following 2nd Trial Divorce Ruling of Chey Tae-won and Noh So-young

[Image source=Yonhap News]

SK Inc. is surging following the second trial ruling in the divorce lawsuit between SK Group Chairman Chey Tae-won and his wife, Noh So-young, director of Art Center Nabi. Unlike the first trial, the second trial ruled that "stocks are also subject to division," and with the property division amount exceeding 1 trillion won, investor sentiment appears to have grown due to the potential for future management disputes and expectations of increased dividends.

As of 9:06 a.m. on the 31st, SK Inc. is trading at 165,500 won, up 4.74% (7,500 won) from the previous day. After the news of the second trial ruling was announced the previous day, SK Inc.'s stock closed at 158,100 won (+9.26%).

The Seoul High Court held the second trial hearing for the divorce lawsuit between the two yesterday and stated, "Chairman Chey must pay director Noh 2 billion won in consolation money and 1,380,817,000,000 won in property division." In particular, the court said, "All of Chairman Chey's assets are subject to division."

This overturned the first trial's judgment that the SK Inc. shares held by Chairman Chey were not subject to division. Chairman Chey immediately filed an appeal, but if the second trial's ruling is upheld by the Supreme Court, the SK Inc. shareholding ratio (17.73%) held by Chairman Chey could be diluted during the payment process of the property division amount. Furthermore, there is a possibility of a management dispute. Generally, when a management dispute arises, buying demand may increase due to competition for securing shares, which is a positive factor for the stock price in the short term.