Kiwon Choi, Sister of Chey Tae-won, Purchases 3,500 SK Shares on the Open Market

Kiwon Choi, Chairman of the Happiness Sharing Foundation and younger sister of SK Group Chairman Chey Tae-won, has purchased 3,500 shares of SK.

According to the Financial Supervisory Service's electronic disclosure system on April 18, Choi acquired a total of 3,500 SK shares on the open market in two separate transactions on April 14 and 16. The purchase amount was approximately 420 million won.

Choi is the third-largest shareholder of SK, holding a 6.65% stake, following Chairman Chey Tae-won (17.90%) and the National Pension Service (7.75%). She is not currently involved in the company's management.

Kiwon Choi, Chairman of the Happiness Sharing Foundation, Photo by Yonhap News

In the securities industry, it is generally viewed as a positive signal for stock prices and responsible management when major shareholders or their family members purchase company shares on the open market.

Although the size of Choi's recent purchase is not large enough to affect her stake, there is growing interest in the securities industry regarding the possibility of further share purchases by Choi in the future.

On this day, SK shares closed at 125,200 won on the Korea Exchange, up 3.81% from the previous day.

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