SK Group Chairman Chey Tae-won sold approximately 1.65 million shares of SK through an after-hours block deal yesterday (November 5) to secure funds for the property division settlement in his divorce lawsuit with Roh Soh-yeong, director of Art Center Nabi.

The total proceeds from the sale amount to 944 billion won. Following this share sale, Chairman Chey's stake in SK decreased from 17.76% to 15.49%, but he will maintain his position as the largest shareholder.

Previously, the Seoul High Court ordered Chairman Chey in July to pay a total of 944 billion won in cash to Director Roh.