{
  "id": 11438893,
  "title": "SK Chairman Sells Shares to Fund Divorce Property Split",
  "url": "https://urgent.news/2026/10/02/sk-chairman-sells-shares-to-fund-divorce-property-split",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T12:44:53.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=278187"
  },
  "original_language": "en",
  "account": "SK Group Chairman Chey Tae-won plans to sell shares worth 944 billion won ($696.7 million) to fund his divorce settlement with Art Center Nabi director Roh Soh-yeong. The sale aims to secure funds on the same scale as the court-ordered property division amount. Chey opted for a combination of selling to strategic investors and a price return swap, or PRS, to minimize impact on share price and control structure. He will sell 1,653,924 shares, reducing his stake from 12,975,472 to 11,321,548 shares, or from 17.8% to 15.5% of total issued shares. The sale will be completed starting November 2, with 544 billion won ($400.7 million) going to strategic investors and 400 billion won ($294.6 million) sold through PRS. Chey's ownership stake will still remain the largest, at 15.5%, and the governance structure is expected to be minimally affected.",
  "summary": "SK Group Chairman Chey Tae-won will sell SK Inc. shares worth 944 billion won (about $696.7 million) in preparation for the division of property with Roh Soh-yeong, director of Art Center Nabi. The move is aimed at securing funds on the same scale as the property division amount set by the court. He",
  "key_points": [
    "SK Group Chairman Chey Tae-won to sell shares worth 944 billion won",
    "Divorce settlement funds to match court-ordered property division",
    "544 billion won to strategic investors, 400 billion won via PRS"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}