The judgment requires a lump-sum cash payment, though it stops short of stripping Chey of his management control. Investors are now scrutinizing whether the chairman will liquidate or leverage his significant stake in SK Inc. to cover the obligation. Market reaction was immediate, with shares of both SK Inc. and the memory-chip giant SK Hynix sliding as traders weighed the potential impact on corporate stability.
This decision follows a protracted legal battle that previously saw the Supreme Court exclude financial contributions linked to the former president, Roh Tae-woo, from the division of assets. While Chey retains his grip on the group, the sheer scale of the settlement injects a layer of uncertainty into the conglomerate's capital structure just as it seeks to capitalize on surging demand for artificial intelligence hardware.
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