'SK ga Jangson' Choi Young-geun Buys 3.5 Billion Won of SK Discovery Shares... Maintains Position as Second Largest Shareholder
It has been confirmed that Choi Young-geun, the eldest grandson and fifth cousin of Choi Tae-won, Chairman of SK Group, purchased SK Discovery shares worth 3.5 billion KRW.
According to the Financial Supervisory Service's electronic disclosure system on the 16th, Young-geun bought a total of 86,970 shares of SK Discovery in three transactions from the 10th to the 12th of this month. The total purchase amount was approximately 3.51 billion KRW.
Young-geun's shareholding increased from the previous 4.27% (801,608 shares) to 4.73% (888,578 shares).
Young-geun is the grandson of the late Choi Jong-gun, the founder of SK Group (formerly Seonkyung Group), and the only son of the late Choi Yoon-won, former Chairman of SK Chemicals, who passed away in 2000.
SK Discovery is an intermediate holding company of SK Group, currently led by Chairman Choi Chang-won of the SK Supex Council (Vice Chairman), who serves as CEO.
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The largest shareholder of SK Discovery is Vice Chairman Choi, Young-geun's uncle, holding 40.72% of the shares, with Young-geun being the second-largest shareholder.
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