Showing 1 - 7 of 7
Korean tycoon ordered to pay $1bn in divorce
Published on 30/05/2024
» SEOUL - A South Korean court has ordered SK Group chairman Chey Tae-won to pay more than $1 billion to his estranged wife as part of their planned divorce, sending company shares surging on speculation that he will have to buy more stock to cement his control.
SK Hynix in $9bn deal for Intel's flash memory chip business
AFP, Published on 20/10/2020
» SEOUL - The world's second-largest chipmaker, South Korea's SK Hynix, on Tuesday announced a $9 billion deal to buy Intel's flash memory chip operation as it seeks to bolster its position against rival behemoth Samsung Electronics.
SK Hynix to invest $38 billion over 10 years
AFP, Published on 25/08/2015
» SEOUL - South Korea's SK Hynix Inc., the world's second-largest memory chip maker, announced Tuesday it would spend 46 trillion won (US$38 billion) in facility investments over the next 10 years.
Pardoned Korean tycoon apologises, vows to reform
AFP, Published on 14/08/2015
» SEOUL - The head of South Korea's third largest conglomerate apologised Friday after being released from jail on a controversial presidential pardon, vowing to turn over a new leaf and help develop the national economy.
South Korean president pardons jailed tycoon
AFP, Published on 13/08/2015
» SEOUL - South Korean President Park Geun-Hye announced criminal pardons for 6,500 people Thursday, including the head of the country's third largest conglomerate currently serving his second jail term for multi-million dollar fraud.
S. Korea top court upholds prison term for SK Group head
AFP, Published on 27/02/2014
» South Korea's Supreme Court on Thursday upheld a four-year jail sentence for the head of the country's third largest conglomerate, the SK Group, for embezzlement.
SK Group head gets four-year jail sentence
AFP, Published on 31/01/2013
» The head of South Korea's third largest conglomerate, the SK Group, was sentenced to four years in prison Thursday after being convicted of embezzling close to $50 million.