The Tool Desk
Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →SK Group chairman Chey Tae-won plans to sell 1,653,924 shares in SK Inc., the group’s holding company, for a reported 944 billion won. The transactions are scheduled for November 2, 2026, and are intended to raise personal funds for a property-division payment to Roh Soh-yeong. As of October 3, the sale is planned, not completed. SBS
Why is Chey Tae-won selling SK Inc. shares?
SK Inc. said the sale is intended to secure personal funds. News reports connect the proceeds to the 944 billion won property-division payment Chey was ordered to make to Roh Soh-yeong. The Korea Times reported that Chey agreed on August 31 to pay 700 billion won and filed to contest the remaining 244 billion won. It also reported that the Seoul High Court ordered annual interest of 5% from the date the ruling becomes final until payment. These litigation details are reported by The Korea Times; they are not a review of the court documents.
As an Amazon Associate I earn from qualifying purchases.
How is the planned transaction structured?
The reported plan divides the 944 billion won into two components, both scheduled for November 2, 2026, through after-hours block trades:
| Amount | Reported structure | What is established |
|---|---|---|
| 544 billion won | Block sale to strategic investors | The reports do not identify the investors. SBS |
| 400 billion won | Price return swap (PRS) with securities firms | Seoul Economic Daily says gains and losses are settled according to future share-price movements, allowing Chey to share in upside for a set period. It does not set out all contract terms. Seoul Economic Daily |
The PRS portion is therefore not described as a straightforward outright sale to an end investor: its reported economics remain linked to later changes in the share price.
#1 Best Overall
How much SK Inc. would Chey own afterward
If the transaction is completed as reported, Chey’s personal common-share holding would fall from 12,975,472 to 11,321,548 shares. The reported ownership and voting-share projections are:
| Measure | Before planned sale | After, if completed |
|---|---|---|
| Chey’s personal stake in SK Inc. | 17.8% | 15.5% |
| Chey’s stake with special related parties | 25.2% | 22.9% |
| Chey’s voting shares | 23.9% | 20.8% |
| Voting shares with special related parties | 33.5% | 30.5% |
These are reported projections, not post-transaction results. Coverage says Chey would remain SK Inc.’s largest shareholder, but that is an expected outcome conditional on the planned sale proceeding. SBS
Rank #2
- backman rage
Why reports give different dollar values
The primary reported amount is 944 billion won. Two English-language reports published October 2, 2026, give different dollar conversions: Seoul Economic Daily says $677 million, while The Korea Times says $700.8 million. SBS reports the amount in won without a dollar conversion. The reports do not explain the difference, so $703 million is not a conversion verified by these sources. Seoul Economic Daily; The Korea Times; SBS
What SK says about market impact and management
SBS quoted an unnamed SK Inc. official as saying Chey reviewed the transaction’s structure and scale to limit effects on the market and shareholders while maintaining stable management and his responsibility as largest shareholder. That is the company’s stated rationale, not evidence that market impact or management outcomes are guaranteed. SBS notes its English report was AI-translated and may contain errors. SBS
Quick Recap
Rank #4
- Used Book in Good Condition
Rank #3
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
