South Korean AI chip tycoon to sell US$700 million stake in SK Corp after divorce ruling
He will remain the top shareholder of the holding firm of the South Korean conglomerate.
South Korean AI chip magnate Chey Tae-won plans to sell a 2.26% stake in SK Corp, valued at approximately 944 billion won (S$894.5 million), to settle a divorce claim, the company announced on October 2. The sale will commence on November 2, following a South Korean court's ruling that ordered Chey to pay 944 billion won to his ex-wife Roh Soh-yeong, a record-breaking award.
Despite the significant financial impact, Chey will retain his position as the largest shareholder in SK Corp, the holding company of the conglomerate's flagship chipmaker SK Hynix, with a 15.49% stake.
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