SK Group Chairman Chey Tae-won Sells Shares to Pay Record Divorce Settlement

SK Group Chairman Chey Tae-won has sold SK Inc. shares worth 944 billion Korean won (approximately US$703 million) to raise funds to pay the hefty divorce settlement ordered by the court.

Although the transaction reduced his stake, Chey Tae-won remains the company's largest shareholder and is expected to maintain control of the group.

Transaction value: 944 billion Korean won in total (approximately US$703 million), matching the settlement amount ordered by the court.

Shares sold: approximately 1.65 million SK Inc. shares, completed through two block trades.

Stake change: Chey Tae-won's personal stake fell from 17.76% to 15.49%.

Main purpose: to pay the division of marital property in his divorce from his estranged wife, Roh Soh-yeong.

Control impact: Chey Tae-won remains the largest shareholder of SK Inc., and his control over the group remains intact.

Friday, June 26, 2026, Seoul High Court, Seoul, South Korea: Roh Soh-yeong, director of the Nabi Art Center and ex-wife of SK Group Chairman Chey Tae-won, arrives.

AP To pay the record settlement, Chey Tae-won sells part of his stake.

According to a disclosure filed with South Korea's Financial Supervisory Service, SK Group Chairman Chey Tae-won sold approximately 1.65 million SK Inc. shares on October 29 through two block trades.

The total transaction value was 944 billion Korean won, an amount that exactly matches the property division ordered by the Seoul High Court in July this year in his divorce case.

The filing shows that Chey Tae-won sold 972,493 shares to strategic investor DFO Public Investments and entered into a three-year price return swap (PRS) agreement with Korea Investment & Securities for another 681,431 shares.

A price return swap is a derivative instrument in which the parties settle gains or losses based on future stock price movements.

Stake falls but control remains.

These transactions reduced Chey Tae-won's stake in SK Inc. from 17.76% to 15.49%.

The combined stake of Chey Tae-won and related parties also fell from 25.21% to 22.93%.

This is partly because SK Inc.

Vice Chairman Jang Dong-hyun is no longer listed as a related party after leaving his executive position at SK ecoplant.

Despite the decline in his stake, Chey Tae-won remains the largest shareholder of SK Inc., and he is widely expected to continue maintaining stable control over the entire SK Group.

Emphasis on AI investment and Japan-South Korea economic cooperation.

In addition, during a special lecture at Seoul National University, Chey Tae-won stressed the importance of investing in artificial intelligence (AI) and mentioned that SK Group plans to invest 2,100 trillion Korean won in large-scale projects such as semiconductors, physical AI, and AI data centers.

He also noted that South Korea and Japan need to strengthen economic cooperation to enhance the combined economic scale and influence of the two countries in response to the complex international relations between China and the United States.

Monday, June 29, 2026, at the presidential office in Yongsan, Seoul, South Korea: South Korean President Lee Jae-myung (center) meets with Samsung Electronics Chairman Lee Jae-yong (right) and SK Group Chairman Chey Tae-won, announcing the construction of a new computer chip manufacturing center.

The photo shows the three shaking hands after the meeting.

AP Source: koreajoongangdaily.com The post SK Group Chairman Chey Tae-won Sells Shares to Pay Record Divorce Settlement appeared first on Sing Tao Daily.