TECHNOLOGY

SK Chairman Chey Decides to Sell 2.26% SK Corp Stake for $699 Million to Fund Divorce—What it Means for US Tech and Nvidia

PUBLISHED Oct 2, 2026, 3:47 AM ET

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SK Chairman Chey Decides to Sell 2.26% SK Corp Stake for $699 Million to Fund Divorce—What it Means for US Tech and Nvidia

Media Bias Meter

Sources: 30

Left 7%

Center 90%

Right 3%

Sources: 30

SK Group Chairman Chey Tae-won has announced plans to sell 1,653,924 shares, representing a 2.26 percent stake in SK Inc., valued at approximately 944 billion won ($699.5 million), to fund his high-profile divorce settlement with Roh Soh-yeong. This transaction reduces Chey's holdings in the holding company from 17.8 percent to 15.5 percent. Because SK Group controls memory chip giant SK Hynix—a critical supplier of high-bandwidth memory (HBM) chips essential for Nvidia's AI processors and wider US technology supply chains—market analysts are closely examining the corporate governance implications and potential shifts in control as South Korea's landmark legal battle reaches its financial conclusion.

By Neha R. | JQJO News

Timeline of Events

On July 24, 2026, a South Korean appeals court ordered SK Group Chairman Chey Tae-won to pay 944 billion won in a landmark property division ruling.
On July 25, 2026, international financial markets and tech publications highlighted the fallout for memory chip affiliate SK Hynix.
On September 4, 2026, analysts reviewed South Korea's artificial intelligence semiconductor rally and corporate stake stability.
On October 2, 2026, regulatory filings disclosed that Chey planned to offload a 2.26 percent stake in SK Inc. worth 944 billion won.
On October 2, 2026, financial media outlets reported that the transaction would reduce Chey's ownership stake from 17.8 percent down to 15.5 percent.
On October 2, 2026, US tech sector observers began evaluating potential ripple effects on Nvidia's chip supply chain partnerships.

News Intelligence

Immediate US impact: US technology investors and Nvidia monitor potential governance shifts and ownership stability at SK Hynix, a crucial high-bandwidth memory supplier.
Possible long-term US impact: Could influence long-term capital distribution, voting stability, and strategic investment frameworks across South Korean technology conglomerates.
Most affected groups: SK Group shareholders, SK Hynix leadership, Nvidia supply chain executives, and global tech market analysts.
Reader Prioritization: Prioritize official regulatory filings from SK Inc., court asset division documents, and verified semiconductor industry reports.

Media Bias

Articles Published:: 30
Right Leaning:: 1
Left Leaning:: 2
Neutral:: 27
Distribution:: Left 7%, Center 90%, Right 3%

Explain Framing

Left: Focuses on the massive wealth division of South Korea's corporate elite and its implications for family-run conglomerates (chaebols). Center: Emphasizes factual regulatory filings, precise share percentage reductions, and stable supply chain connectivity with Nvidia. Right: Highlights potential shareholder vulnerability, equity market pressures, and management risks within global AI hardware suppliers.