Chey Tae-won


'''Chey Tae-won is a South Korea billionaire businessman. He is the chairman of SK Group, Korea's third largest chaebol, 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.

Early life and education

Chey is the chairman of South Korean chaebol 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. 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. He is married, has three children, and was incarcerated near Seoul until his pardon in August 2015. They have been separated since September 2011. In December 2015 he announced his intention to divorce.

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. 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. He was pardoned by President Park Geun-hye in August 2015.