Roh Soh-yeong, director of Art Center Nabi, who finalized her divorce from Chey Tae-won, chairman of SK Group, has been excluded from SK's related parties.
SK Corp. and SK Innovation on the 27th re-disclosed the share ownership status of the largest shareholder and related parties, excluding Director Roh, reflecting the Supreme Court's final divorce ruling. For shareholders and companies holding 5% or more equity, any change in shareholding triggers reporting and disclosure obligations.
Through a disclosure that day, SK Corp. said the total SK Corp. shares held by the largest shareholder, including Chairman Chey, and related parties decreased from 18,459,285 shares to 18,445,379 shares, down 13,906 shares, including the exclusion of the 8,762 shares (0.01%) held by Director Roh.
SK Innovation also disclosed that, with the exclusion of Director Roh's 8,362 shares (0.01%) and others, the SK Innovation shares held by the largest shareholder, including SK Corp., and related parties decreased from 88,073,331 shares to 88,059,971 shares, down 13,360 shares. Related parties refer to individuals and corporations that have a close economic relationship with a company's controlling person (owner).
On the 16th, as the Supreme Court finalized the alimony and the divorce itself in the divorce suit between Chairman Chey and Director Roh, separate from the remand of the property division decision, Director Roh's status as an SK related party disappeared.
With the divorce finalized, and Director Roh excluded from the family category of the controlling person of SK Group (Chairman Chey Tae-won), SK Group's obligation to report related parties within the third degree of kinship of Roh and her relatives based on the controlling person also disappeared.