Chairman Chey Tae-won sells 940 billion won worth of shares just before the crash to fund divorce
He sold 940 billion won worth of SK shares to secure divorce funds,
and he certainly picked an exquisite timing for the sale.
Chey Tae-won disposes of SK Inc. shares... raises 944 billion won Daum | IT ChosunChairman Chey Tae-won of SK Group has disposed of a portion of his SK Inc. shares and entered into a Pre-paid Reverse Swap (PRS) agreement to raise 944 billion won in property division payments to be paid to Roh So-young, director of Art Center Nabi. Through this transaction, Chairman Chey's stake in SK Inc. decreased from 17.76% to 15.49%. However, he maintained his status as the largest shareholder. According to the Financial Supervisory Service's Electronic Disclosure System on the 5th, Chairman Chey conducted an after-hours trade on the 29th of last month.
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