NewzSK Group Chairman Chey Tae-won has announced plans to sell a 2.26% stake in the conglomerate's holding company, SK Corp. The transaction, valued at approximately 944 billion won or $700 million, follows a recent high-profile divorce ruling involving the chairman. The sale represents a significant shift in the chairman's holdings within the group’s corporate structure. This divestment occurs in the wake of legal developments regarding his personal marital litigation, which has drawn public and market attention to the leadership of the South Korean conglomerate.
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