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The Latest Breaking News from Chey Taewon

South Korea's 'Divorce of the Century' Could Have Cost $940M: SK Billionaire Now Owes His Ex-Wife $644M

South Korea's landmark divorce case involving SK Group Chairman Chey Tae-won has him ordered to pay $644M to his ex-wife. The legal battle raises questions for one of the country's largest conglomerates.

International Business Times UK

Billionaire Who Left His Wife For A Younger Woman Ordered To Pay Her Insane Amount In The ‘Divorce Of The Century’

A South Korean billionaire was ordered to pay his ex-wife $645 million after a years-long divorce battle.

Bored Panda

South Korea's SK Hynix, Samsung Electronics sign $950 billion partnership with US big tech

The partnership includes the long-term supply of $750 billion in memory chips to US companies by SK Hynix ‌and $200 billion in chips by Samsung Electronics ⁠to Broadcom, the presidential adviser, Kim Yong-beom, said at a briefing.

The Economic Times

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A South Korean Tech Titan Left His Wife. A Massive Divorce Battle Over The Wealth Followed

In one of South Korea's highest-profile divorce cases, the ex-wife of a tech billionaire failed to win a bigger slice of his wealth.

International Business Times

SK Group chairman Chey Tae-won ordered to pay ex-wife Roh Soh-yeong $644 million in divorce settlement, court upholds claim over marital assets

A South Korean appeals court on Friday ordered SK Group Chairman Chey Tae-won to pay his former wife, Roh Soh-yeong, 944 billion won (about $644 million) in cash as part of their long-running divorce property settlement, while reaffirming that Chey's SK shares formed part of the couple's marital assets.

The Times of India

Billionaire businessman ordered to pay ex-wife £480 million in ‘divorce of the century’

SK Group Chairman Chey Tae-won filed for divorce after revealing he was in a relationship with another woman and had a child with her

The Independent UK

South Korea's 'Divorce of the Century': Why SK Group chairman's divorce bill fell from $940 million to $644 million

A South Korean court ordered an AI chip-manufacturing tycoon on Friday to make a trimmed-down $644 million divorce payment to his former wife. The Supreme Court had already separately ordered Chey to make an alimony payment to Roh of 2 billion won. cdl-sjh/jts/djw

The Economic Times

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'There are limits to how much prices can be raised' says SK hynix chairman about memory crisis but I'm not sure the market will care

Will more supply be enough?

PC Gamer

AI memory shortage threatens to trigger geopolitical strain, warns SK Group chief

SK Group Chairman Chey Tae-won warned that the global shortage of artificial intelligence memory chips could escalate into a geopolitical issue, predicting that memory demand will far outpace supply through 2027 despite aggressive capacity expansion efforts.

The Economic Times

Memory chip boss admits RAM prices are 'abnormally high' — SK Group chairman considering building a semiconductor plant in the US to expand supply, calm ‘chipflation’

SK Group Chairman Chey Tae-won said that prices for memory chips are "abnormally high" and that the industry must take steps to increase production and reduce prices. If it fails to do that, new entrants could challenge the incumbent leaders and make the market much more competitive, especially once demand…

Tom’s Hardware

SK Hynix is a golden goose. It has to lay more eggs

Investor enthusiasm stems from the fact that SK Hynix has morphed into a golden goose. It’s the world’s second-largest supplier of dynamic random-access memory chips, or DRAM, and the biggest when it comes to the high-bandwidth ones that are paired with Nvidia Corp.’s graphics processing units.

The Economic Times

How SK Hynix just pulled off the second-largest U.S. share sale by quietly powering the AI boom

With a $26.5 billion Nasdaq debut, the South Korean manufacturer caps off a long, strange path from memory-chip also-ran to AI powerhouse

Fortune

SK Hynix shares jump in marquee US debut as AI euphoria persists

SK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm for chip stocks amid the AI revolution. The company's offering was oversubscribed, meeting strong demand for AI-memory themes. SK Hynix is a leading maker of essential high-bandwidth memory chips for…

The Economic Times

SK Hynix shares jump 14% in debut on US stock market riding on AI wave

SK Hynix shares surged on their Nasdaq debut, showing strong investor interest in chip stocks. The company's offering attracted significant demand, exceeding expectations for memory chip market strength. This listing provides SK Hynix direct access to a large investor pool for future expansion. The firm leads in high-bandwidth memory chips…

The Economic Times

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The Economic Times

South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

South Korean billionaire Chey Tae-won's bold acquisition of SK Hynix has paid off significantly. The company became a major AI chip producer after betting on niche technology. SK Hynix's strategic investment in high-bandwidth memory chips proved highly successful. However, concerns about slowing AI spending and potential oversupply are now emerging.…

The Economic Times

Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow domestic regional disparities and revive economies beyond the Seoul metropolitan area.

The Economic Times

Key facts on South Korea's three chip and AI 'mega projects'

Below is a summary of the investments and targets announced at the event and in corporate and government statements.

The Independent UK

South Korea announces $1 trillion semiconductor and AI ‘megaprojects’ plan

Samsung stocks drop by four per cent despite major AI and semiconductor investment

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The Independent UK

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand

Tom’s Hardware

SK hynix files to raise up to $29 billion in historic Nasdaq listing — all proceeds going to advanced AI memory fabs and EUV tool orders

SK hynix filed a securities registration statement on Wednesday to raise up to 45.45 trillion won through an American depositary receipt listing on Nasdaq.

The Economic Times

How SK Hynix's bet on a niche memory chip made it more valuable than Samsung

SK Hynix has risen to claim the title of South Korea's most valuable company, a testament to its visionary 14-year investment in high-bandwidth memory (HBM) chips. Initially viewed with doubt, this strategic pivot to a niche segment, particularly serving Nvidia's AI accelerators, has firmly established SK Hynix as a leader…

Tom’s Hardware

SK hynix passes Samsung as South Korea's most valuable company — memory company surpasses valuation milestone on the back of HBM

SK hynix overtook Samsung Electronics on Monday to become South Korea’s most valuable listed company.

International Business Times UK

What Is SK Hynix? The Little-Known Tech Giant That Just Knocked Samsung Off Its Throne

SK Hynix has overtaken Samsung to become South Korea's most valuable company, driven by its dominance in AI memory chips, marking a huge shift in the semiconductor industry.

The Economic Times

SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix has surged past Samsung Electronics to become South Korea's most valuable company, driven by its dominance in high-bandwidth memory (HBM) chips crucial for AI systems. This remarkable turnaround, from near collapse two decades ago to a market leader, highlights the transformative impact of the AI boom on the…

PC Gamer

SK hynix claims it will be able to triple its memory chip output by 2034, roughly 10 years sooner than first projected

Just in time to solve the current crisis, right?

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