SK Stock Plunges 18.32% in 4 Days, Chairman's Holdings Lose 1.557 Trillion Won

According to The Fact, SK Group Chairman Chey Tae-won's shareholdings lost approximately 1.557 trillion won in value between July 24-28, as SK stock plunged 18.32% from 655,000 won to 535,000 won during the period. The stock collapse came after a court ordered Chey to pay 944 billion won in cash to settle a property division case on July 24, with potential 5% annual interest accruing if payment is delayed.

Chey's stock-backed loan ratio deteriorated sharply, rising from 33.4% in late June to an estimated 53.5% by July 28, according to financial regulator data and market analysis. The mounting debt burden against declining collateral value has narrowed his options to raise the required funds, potentially forcing him to consider direct share sales or asset liquidation.