Topic
How family ownership disputes at Korean conglomerates interact with holding-company control and share structures.
Michael Dell's family-office fund is buying 1.34% of SK Inc from chairman Chey Tae-won for 544 billion won, about $406 million at 1,339.6 won. The block is 58% of the 944 billion won Chey is raising for a divorce settlement.
Reality
Roh Soh-yeong did not file a cross-appeal against SK chairman Chey Tae-won's Supreme Court appeal of her 944 billion won award. Chey has limited his challenge to 244 billion won, the Korea Herald reported, so 700 billion won is no longer in dispute.
Reality
SK Group chairman Chey Tae-won is selling 944 billion won of SK Inc. stock, cutting his personal stake to 15.5% from 17.9%. A price return swap on 400 billion won of it leaves him carrying that slice's gains and losses, so he has shed less SK exposure than the stake cut shows.
Perspective Coverage
4 publishersReality
Life Asset Management asked Samsung's board on September 14 to approve repurchases in October and cancel the discounted preferred stock by December, four months into a return plan that runs to 2030.
Reality
Chey Tae-won's second appeal was not triggered by the size of the award but by the medium of payment. Cash or SK stock is now a governance question for SK holders.
Reality