SK Group chair Chey Tae-won to offload 2.26% of SK Corp for 944 billion won
Chairman Chey Tae-won plans to sell a 2.26% stake in SK Corp for roughly 944 billion won, with the deal set to close on November 2.
In a filing released on Friday, Chey Tae-won, the head of SK Group, announced his intention to divest a 2.26% shareholding in SK Corp. The transaction is valued at about 944 billion won. Completion of the sale is scheduled for November 2. This move represents a significant reshuffling of ownership within the conglomerate.
Why it matters
The sale shifts a sizable share of a major South Korean conglomerate, potentially influencing market sentiment and corporate control.
In this story
Chey Tae-wonSK GroupSK Corpstake sale944 billion wonNovember 2South Korea
