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Chairman Chey Tae-won sells 940 billion won worth of shares just before the crash to fund divorce

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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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