The chairman has given half of the 3.29 million shares, or 1.66 million shares, to his younger brother Chey Jae-won, who currently serves as executive vice chairman, and a quarter of the total shares, or 830,000 shares, to his cousin SK Networks Chairman Choi Shin-won and his family members. Another 496,808 shares were gifted to family members of late SK Chemical Chairman Choi Yoon-won.
|SK Group Chairman Chey Tae-won (SK Group)|
The decision was made to mark the 20th anniversary of Chey taking the chairman post.
Before transferring the shares, Chey had held 23.4 percent of SK Corp. shares.
The decision will not change SK’s corporate governance “centered on Chairman Chey,” the group said.
Shares of SK Corp. traded at 280,500 won per share at Thursday's close.
By Cho Chung-un (firstname.lastname@example.org)