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Stock impact report

Tycoon's Record Divorce Bill Fuels Bets He'll Boost Stock to Pay [Yahoo! Finance Canada]

SK Telecom Co., Ltd. (SKM) 
Most Read from Bloomberg SK Inc., the holding company behind South Korea's second-biggest conglomerate, surged the most since January on Thursday after a court ordered its chairman to pay the country's biggest known divorce settlement. ADVERTISEMENT The Seoul High Court told Chey Tae-won to pay 1.38 trillion won ($1 billion) in property division and 2 billion won in alimony to Roh Soh-yeong, according to a text message from the court. That's more than the 66.5 billion won and 100 million won in alimony a lower court had ruled in 2022, though less than what Roh had requested. Chey will appeal the ruling, SK said in an emailed statement. The high-profile divorce has attracted public attention as Chey holds a 17.7% stake in SK Inc., the holding company of SK Group. The conglomerate's businesses include one of the world's biggest memory-chip firms, SK Hynix Inc., electric vehicle battery maker SK On Co. and South Korea's largest mobile carrier, SK Telecom Co. Chey might try to Show less Read more
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