Choi Sung-hwan, head of SK Networks business. (Photo=SK Networks)

[Alpha Biz= Reporter Kim Jisun] SK Networks announced on the 24th that Choi Sung-hwan, head of its business division, sold a total of 47.9 billion won worth of shares held by the company and SK Corp.

The shares sold are 6,781,744 shares of SK Networks owned by Choi and 96,304 shares of SK Corp., worth 47.9 billion won.

SK Networks explained that it was done to pay gift taxes on SK shares that Choi received from SK Group Chairman Choi Tae-won in 2018.

Choi is the eldest son of Choi Shin-won and the nephew of Choi Tae-won.

 

 

 

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