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Chey Tae-won Sells $700 Million in SK Shares During High-Profile Divorce
Source: Bloomberg
Insider TransactionsManagement & GovernanceLegal & Litigation
SK Hynix backer Chey Tae-won is selling 944 billion won ($700 million) of shares in conglomerate SK Inc. amid one of South Korea's most expensive divorce proceedings. The transaction may create near-term selling pressure on SK Inc. shares and raises governance and ownership-structure considerations, though the article provides no indication of a change in SK Hynix operations or fundamentals.
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