A South Korean court ordered the chairman of No. 2 conglomerate SK Group to transfer cash of 66.5 billion won ($50.68 million) in a division of property, as part of a divorce ruling on Tuesday that kept any stock from changing hands.
While not yet final, the decision preserves the ownership structure of a conglomerate with assets of 292 trillion won ($226 billion) that controls the world's No. 2 maker of memory chips, SK Hynix.
In a statement, the court said the transfer by Chairman Chey Tae-won would not include stock in the group's holding company, SK Inc.
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