Chey Ki-won, younger brother of SK Group Chairman Chey Tae-won, invested in the Daejang-dong business with SK stock collateral loans
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-02-13 04:30:42
[Alpha Biz=(Chicago) Reporter Paul Lee] It has been confirmed that Choi Ki-won, chairman of the Happiness Sharing Foundation, the younger brother of SK Group Chairman Choi Tae-won, invested the loans he received from his SK shares as collateral in the Daejang-dong development project through Keen & Partners, an investment advisory firm.
In the process of investigating Chairman Choi's false submission of business group designation data on the 12th, the Fair Trade Commission confirmed that Chairman Choi, SK's second-largest private shareholder, took out his SK shares as collateral and lent them to Keen & Partners, much of which entered the Daejang-dong project.
The Fair Trade Commission conducted an investigation into whether the anonymous individual who lent funds to Keen & Partners was an SK affiliate and found out that Chairman Choi exerted a dominant influence on management as the real owner of Keen & Partners.
Choi's logic was that he would have naturally prepared for the possibility of causing a threat to management rights by implementing security rights in the future as he supports Choi's control as the second-largest individual shareholder.
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