Choi Tae-won: "Nonsense Stories Will Disappear Like Fallen Leaves"... Refuting Hwacheon Daeyu Allegations on SNS

[Asia Economy Reporter Hwang Yoon-joo] Chey Tae-won, chairman of SK Group, posted a message on social networking service (SNS) seemingly refuting allegations related to Hwacheon Daeyu (Hwacheon Daeyu Asset Management).

According to the business community on the 17th, Chairman Chey posted on his Instagram account the previous evening, "No matter how dazzling the nonsense stories may seem, they disappear like fallen leaves before long, which is the law of nature."

This is interpreted as Chairman Chey dismissing the allegations that he and SK Group are involved in the preferential treatment controversy surrounding Hwacheon Daeyu's development project in Daejang-dong, Seongnam City, Gyeonggi Province.

The allegations surfaced after it was revealed that Chairman Chey's younger sister, Choi Ki-won, director of the SK Happiness Sharing Foundation, lent several billion won to an investment advisory firm that provided initial funding to Hwacheon Daeyu.

Recently, a lawyer claimed through Facebook and YouTube broadcasts that "the real owner of Hwacheon Daeyu is likely Chairman Chey," prompting SK Group to file a defamation lawsuit against the former lawyer.

Earlier, on the 13th of last month, Chairman Chey also met with reporters and labeled the former lawyer's claims as "rumors," stating, "I clearly state that neither I nor SK Group are involved in this matter."

This content was produced with the assistance of AI translation services.