Chey Tae-won

Chey Tae-won (born December 3, 1960) is a South Korean business magnate. He is the chairman of SK Group, Korea's third largest Chaebol that mainly engages in oil, telecom, semiconductors, and chemical businesses. SK Group has 143 subsidiaries including SK Telecom, SK Hynix, and SK Innovation through SK Holdings. Chey is well known for the group's SK Hynix merger deal, which eventually becomes the world fourth largest chipmaker behind Samsung Electronics, Intel, and TSMC. As of June 2021, he is the 14th richest person in South Korea with an estimated net worth of US$3.6 billion. The bulk of his fortune comes from SK Holdings, holding company of SK Group.

In this Korean name, the family name is Chey.
Chey Tae-won
Born (1960-12-03) 3 December 1960
Suwon, Gyeonggi Province, South Korea
EducationKorea University (BA)
OccupationBusinessman
Spouse(s)
​
​
(m. 1988; div. 2015)​
Children3
Korean name
Hangul
Hanja
Revised RomanizationChoe Tae-won
McCune–ReischauerCh'oe T'aewŏn

Early life and education

Chey attended Korea University where he received a bachelor's degree in physics, and then studied at University of Chicago as a graduate student. In Chicago, Chey met his future wife, the daughter of former South Korea president, Roh Tae-woo.[1][2][3][4] The Chey family has deep ties with the University of Chicago as Chey's father, the founder of the group, as well as his wife and eldest daughter all attended.[5] He is married, has three children, and was incarcerated near Seoul until his pardon in August 2015.[6] They have been separated since September 2011.[7] In December 2015, he announced his intention to divorce.[8][9]

Controversies

In January 2012, Chey was indicted of embezzling over $40 million from SK companies to cover up trading losses. However, he denies any wrongdoing.[10] In January 2013, Chey was found guilty of embezzlement and was sentenced to 4 years in prison by the Seoul District Court. SK Corporation expressed their desire to file an appeal.[11] He was pardoned by President Park Geun-hye in August 2015.

References
  2. "< SK 최씨 일가의 대 이은 시카고大 사랑 > | 연합뉴스 : 바른언론 빠른뉴스". www.yonhapnews.co.kr. Retrieved 2016-02-13.
  3. "Authors". World Economic Forum. Retrieved 2020-06-18.
  4. "The Investor". www.theinvestor.co.kr. Retrieved 2020-06-18.
  5. "< SK 최씨 일가의 대 이은 시카고大 사랑 > | 연합뉴스 : 바른언론 빠른뉴스". www.yonhapnews.co.kr. Retrieved 2016-02-13.
  6. "SK chairman freed from prison for special pardon". Korea IT Times. 2015-08-14. Retrieved 2015-12-29.
  7. "SK Chairman and Roh tae-woo's daughter expected to divorce : Business : News : The Hankyoreh". English.hani.co.kr. 2012-06-19. Retrieved 2015-12-29.
  8. "SK head Chey to divorce ex-president's daughter: report". English.yonhapnews.co.kr. Retrieved 2015-12-29.
  9. "Billion-Dollar Divorce Drama Around South Korea's SK Group Continues". Ethediplomat.com. Retrieved 2021-09-10.
  10. "#8 Chey Tae-Won". Forbes.com. Retrieved 2015-12-29.
  11. "SKorea chaebol chief sentenced to 4 years prison - Yahoo Finance". Finance.yahoo.com. 2013-01-31. Retrieved 2015-12-29.
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