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Chairman of SK Group, one of South Korea's largest conglomerates with businesses spanning semiconductors, energy, and telecommunications.
Jeonnam-Gwangju targets initial chip mass production in June 2030, with the first fab finished in 2029, the city says. An ordinance and Cabinet waivers are already in place, and the only corporate signal in the city's account is a conditional remark from SK Group's chairman.
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Michael Dell's family-office fund is buying 1.34% of SK Inc from chairman Chey Tae-won for 544 billion won, about $406 million at 1,339.6 won. The block is 58% of the 944 billion won Chey is raising for a divorce settlement.
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Roh Soh-yeong did not file a cross-appeal against SK chairman Chey Tae-won's Supreme Court appeal of her 944 billion won award. Chey has limited his challenge to 244 billion won, the Korea Herald reported, so 700 billion won is no longer in dispute.
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SK Group Chairman Chey Tae-won told a Seoul forum that social value needs a price, citing a credit that has paid $52 million to over 400 enterprises. Whether outside investors will back that price with their own money is the open test.
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SK Group will pay about 50 young adults 3 million won a month for two years of AI project work, with no degree and no job guaranteed. Stipends alone put the first class at about 3.6 billion won. Any hiring payoff would come after month 24.
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SK Hynix has picked Goldman Sachs and Morgan Stanley to lead a US listing of its Solidigm flash unit that could raise about $10 billion. Bloomberg's reported ceiling of $100 billion asks investors to pay AI-memory prices for a NAND storage business.
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SK Group chairman Chey Tae-won said the group may build Gwangju chip fabs in parallel with its Yongin cluster, starting at about two-thirds of Yongin's size. He would not say when work begins, so any bigger order book for equipment and materials suppliers waits on a timetable SK has yet to publish.
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South Korea will put 1,000 trillion won of fiscal and financial support into its K-GX green plan through 2035, alongside 220 trillion won of private projects. Spread over ten years, that is 100 trillion won a year from the state against 22 trillion won from companies.
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Finance Minister Lee Hyoung-il said Korea will scrap on-site rules blocking corporate investment, including the permit wait on a 4 trillion won Ulsan EV plant. Seoul's bet is that faster permits can turn a chip-led upturn into investment that outlasts it.
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Samsung and SK Hynix are committing about $518 billion to new Gwangju memory fabs, the largest line in South Korea's roughly $900 billion decade plan. Company balance sheets supply much of that capital, so the two chipmakers will set how fast the new supply actually arrives.
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SK Group chairman Chey Tae-won is selling 944 billion won of SK Inc. stock, cutting his personal stake to 15.5% from 17.9%. A price return swap on 400 billion won of it leaves him carrying that slice's gains and losses, so he has shed less SK exposure than the stake cut shows.
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Reuters reports exploratory talks over leasing part of Intel's Ohio complex or building a joint venture with cloud buyers who want guaranteed memory. Intel says the site comes online between 2030 and 2031.
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Reuters says renting part of Intel's unfinished Ohio plant is one of the leading options, alongside a joint venture with cloud buyers. Both companies call it undecided, and Washington threatens chip tariffs.
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One of the two scenarios reported for SK Hynix's first US memory wafers is a venture with Intel and major cloud companies. The site those wafers would come from is not due for completion until 2030 and 2031.
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Chey Tae-won told an Ulsan audience that AI has to generate its own profits and reinvest them. The Bank of Korea puts the five largest tech firms' first-half bond issuance at 51.3% of their capital spending.
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The SK chairman told the Ulsan Forum that AI has to generate profits on its own and reinvest them. In the same speech he said the group's Ulsan data centre has added 900 megawatts to a project first sized at 103.
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With 54 trillion won already approved at home, a Miyagi plant costing tens of trillions more turns into a question about who subsidises the marginal HBM wafer, and Japan has already published its price.
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Guidance 26 points above consensus is a procurement forecast wearing a demand forecast's clothes. The bottleneck ranking that buyers actually needed was the one thing withheld.
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Hana Securities took SK Inc. to 770,000 won from 560,000 won. Nearly every input is external: memory pricing, a Doosan cheque, a Supreme Court docket and a tax clause.
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Chey Tae-won told CNBC he is willing to build a front-end fab in the U.S. but cannot find a site, and warns rising chip prices will reach finished goods. Memory is now a 2027 cost line.
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