Dell Family Fund Acquires Shares of SK by Chey Tae-won

On October 2, Chey Tae-won, chairman of SK Group, signed a contract to sell 972,493 shares of SK Corporation common stock, accounting for 1.34% of the total share capital. The buyer is a fund related to Michael Dell, the founder of Dell Technologies, with a transaction amount of 544 billion KRW. In total, 1,653,924 shares of SK Corporation were signed for sale, with a total consideration of 944 billion KRW, to raise funds for the division of assets with Nabi Art Center director, Ryu Soo-young. Among these, 681,431 shares, accounting for 0.94%, were sold to Korea Investment & Securities, while the remaining 1.34% were sold to the Dell family fund. Chey Tae-won signed a three-year equity swap with Korea Investment & Securities, bearing the gains from price increases and losses from price declines. Dell Technologies is a company specializing in AI servers and data center infrastructure, and has semiconductor business dealings with SK Hynix.

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