Chey Tae-won

Chey Tae-won (born 3 December 1960) is a South Korea billionaire businessman. He is the chairman of SK Group, Korea's third largest chaebol (conglomerate), that mainly engages in the provision of semiconductors, oil, telecommunication services, chemical, etc. He is well known for the group's Hynix merger deal, which eventually becomes the world's third largest chip maker followed by Samsung Electronics and Intel. SK Group recorded revenue and profit of $213.6 and $23.8 billion respectively. As of 2019, he is the 8th richest man in South Korea with net worth of $3.2 billion. Most of his fortune is came from SK Holdings, the holding company of SK Group.

In this Korean name, the family name is Choi.
Chey Tae-won
Born (1960-12-03) 3 December 1960
Suwon, Gyeonggi Province, South Korea
NationalityKorean
EducationKorea University (BA)
University of Chicago (PhD)
OccupationBusinessman, chairman
Net worth$3.2 billion (February 2019)[1]
Spouse(s)
​
(m. 1988)​
Children4
Korean name
Hangul
Hanja
Revised RomanizationChoe Tae-won
McCune–ReischauerCh'oe T'aewŏn

Early life and education

Chey is the chairman of South Korean chaebol (conglomerate) SK Group. He attended Korea University as an undergraduate and the University of Chicago as a graduate student and met his wife in Chicago, 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]

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.[9] 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.[10] He was pardoned by President Park Geun-hye in August 2015.

References
  1. "Chey Tae-Won". Forbes. Retrieved 14 February 2019.
  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. "#8 Chey Tae-Won". Forbes.com. Retrieved 2015-12-29.
  10. "SKorea chaebol chief sentenced to 4 years prison - Yahoo Finance". Finance.yahoo.com. 2013-01-31. Retrieved 2015-12-29.
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