SK Inc.'s shares surged by the most in almost four years following reports that the group's chairman, Chey Tae-won, has been ordered to pay a record 1.38 trillion won ($1 billion) in a divorce settlement. This ruling, which Chey plans to appeal, has significant implications for the company. Chey's lawyer stated that the divorce ruling seriously damages the reputation of shareholders and SK employees. The South Korean tech conglomerate saw a 16% increase in its stock price after the announcement.
South Korean tech conglomerate SK Inc. surges 16% after chair's $1 billion divorce settlement https://t.co/jwW17pW1uJ
⚠️ SK'S CHEY SAYS DIVORCE RULING SERIOUSLY DAMAGES REPUTATION OF SHAREHOLDERS, SK EMPLOYEES - LAWYER
⚠️ SK CHAIRMAN CHEY TO APPEAL DIVORCE SETTLEMENT RULING - LAWYER
(LEAD) SK chairman ordered to pay record 1.38 tln won in property division in divorce https://t.co/IQ6qGu8gWj
SK's shares surged by the most in almost four years on reports that the group’s chairman is being ordered to pay $1 billion to his wife in a divorce lawsuit https://t.co/HYX4Itf3m1
SK chairman ordered to pay 1.38 tln won in property division in divorce https://t.co/5xW1aBqaOf