SK Group

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   SK chair Chey Tae-won sells 544bn won of SK Inc shares to Michael Dell family fund

   Regulatory filings show SK Group chairman Chey Tae-won has agreed to sell 972,493 SK Inc shares, a 1.34% stake, to DFO Public Investments, L.P. — a fund tied to Dell Technologies founder Michael Dell — for 544 billion won (about 2.731 billion yuan). The sale is part of a plan to raise 9,440 billion won (about 4.74 billion yuan) by selling 1.65 million shares, or 2.26%, to pay a divorce settlement to his former wife, with 681,431 shares (0.94%) going to Korea Investment & Securities for 400 billion won. The buyer is a Delaware-registered fund under DFO Management, Michael Dell's family investment office, not Dell Technologies itself; Dell Technologies is a core supplier of AI servers and data center infrastructure and does business with SK Group's memory chip unit SK hynix.

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