Chey Tae-won

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Chey Tae-won
Born (1960-12-03) 3 December 1960 (age 57)
Suwon, Gyeongi Province, South Korea
Nationality Korean
Education University of Chicago (BA & MS)
Net worth $4.7 billion (February 2018)[1]
Spouse(s) Soh Yeong Roh (m. 1988)
Children 3
Korean name
Hangul
Hanja
Revised Romanization Choe Tae-won
McCune–Reischauer Ch'oi T'aewŏn

Chey Tae-won (born 3 December 1960) is a South Korean billionaire businessman, and the chairman of SK Corporation. He was responsible for securing the funds to build Ulsan Grand Park, the largest urban park in South Korea.[2]

Early life and education[edit]

Chey is chairman of the South Korean group SK Corporation, the country's third largest conglomerate, with affiliates in energy, telecom, chemicals, and other sectors. He attended the University of Chicago as an undergraduate and met his wife there, the daughter of former South Korean President, Roh Tae-woo.[1][3] The Chey family has deep ties with the University of Chicago as Chey's father, the founder of the group, as well as his wife and eldest daughter all attended.[4] He is married, has three children, and was incarcerated near Seoul until his pardon in August 2015.[5] They have been separated since September 2011.[6] In December 2015 he announced his intention to divorce.[7]

Controversies[edit]

In January 2012, Chey was indicted of embezzling over $40 million from SK companies to cover up trading losses. However, he denies any wrongdoing.[8] In January 2013, Chey was found guilty of embezzlement and was sentenced to 4 years in prison by the Seoul District Court. SK Corporation expressed their desire to file an appeal.[9] He was pardoned by President Park Geun-hye in August 2015.

References[edit]

  1. ^ a b "Chey Tae-Won". Forbes. Retrieved 6 February 2018. 
  2. ^ "SK seeks innovation in social work". Korea Times. Retrieved 15 June 2013. 
  3. ^ "< SK 최씨 일가의 대 이은 시카고大 사랑 > | 연합뉴스 : 바른언론 빠른뉴스". www.yonhapnews.co.kr. Retrieved 2016-02-13. 
  4. ^ "< SK 최씨 일가의 대 이은 시카고大 사랑 > | 연합뉴스 : 바른언론 빠른뉴스". www.yonhapnews.co.kr. Retrieved 2016-02-13. 
  5. ^ "SK chairman freed from prison for special pardon". Korea IT Times. 2015-08-14. Retrieved 2015-12-29. 
  6. ^ "SK Chairman and Roh tae-woo's daughter expected to divorce : Business : News : The Hankyoreh". English.hani.co.kr. 2012-06-19. Retrieved 2015-12-29. 
  7. ^ "SK head Chey to divorce ex-president's daughter: report". English.yonhapnews.co.kr. Retrieved 2015-12-29. 
  8. ^ "#8 Chey Tae-Won". Forbes.com. Retrieved 2015-12-29. 
  9. ^ "SKorea chaebol chief sentenced to 4 years prison - Yahoo Finance". Finance.yahoo.com. 2013-01-31. Retrieved 2015-12-29.