SK Group

Anthropic PBC requested supplies from SK Hynix Inc. to manufacture its own semiconductors, according to SK Group Chairman Chey Tae Won. The announcement occurred during an AI event in San Francisco, coinciding with South Korean President Lee Jae Myung's Silicon Valley trip and AI summit, where multiple tech partnerships were revealed.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife Roh So-yeong $640 million in a high-profile divorce case. The ruling reduced a prior $940 million settlement and followed a Supreme Court directive for further review. The case involved allegations of financial contributions from Roh’s father, a former president, to SK during his presidency, which the Supreme Court later dismissed as a legal factor.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife Roh So-yeong 944 billion won ($640 million) in a divorce case. The ruling reduced a previous 1.38 trillion won ($940 million) settlement and follows a Supreme Court review that dismissed claims about alleged slush funds. Chey’s assets have increased recently due to rising shares in SK Hynix amid the AI boom.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($640 million) in a high-profile divorce case. The ruling reduced a prior 1.38 trillion won ($940 million) settlement and followed a Supreme Court review dismissing claims about illegal funds provided to SK during her father's presidency.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay $640 million to his ex-wife Roh So-yeong. The case was labeled the 'divorce of the century' by national media.

A South Korean court ordered SK Group Chairman Chey Tae-won to pay his ex-wife Roh Soh-yeong US$644 million in a divorce-related property division case, which would be South Korea's most expensive divorce if finalized. The amount is lower than a previous 1.38 trillion won award.

Chey Tae-won, 65-year-old chairman of South Korea’s SK Group and a major beneficiary of the AI-chip boom, faces a $1 billion divorce payout after his marriage ended due to an affair with a younger woman.

A global AI memory shortage is causing countries to compete for chip supplies, leading to increased lobbying and potential geopolitical tensions. Prices for memory chips have risen sharply due to AI demand, prompting governments to view access as an economic security issue, according to SK Group's chairman. Rising hardware costs may contribute to inflation, adding pressure on world leaders.

SK Hynix is set to debut on Wall Street with a US listing, marking a milestone in the AI investment boom. The company's IPO is seen as a significant event in the current earnings season.

SK Hynix shares fell in Seoul following their highly anticipated US trading debut. Chey Tae-won, chairman of SK Group, was present at the company's IPO event on July 10 at the Nasdaq MarketSite.

SK Hynix raised $26.5 billion in the second-largest U.S. share sale, listing on Nasdaq as the world’s leading high-bandwidth memory manufacturer. The IPO follows a 630% share surge in Korea and aims to address valuation discounts linked to South Korea’s chaebol governance, with U.S. investors gaining access to a key AI infrastructure provider.

KKR will control South Korea's $1.3 billion renewables platform alongside SK as AI power demand increases. The move follows South Korea's announcement of three major investment projects in semiconductors, physical AI, and AI data centers.

Korean stocks rebounded as Samsung Electronics Co. and SK Hynix Inc. announced large-scale investments in memory chips, data centers, and robotics. The plan was unveiled alongside South Korea's President Lee Jae Myung during a news conference at the presidential Blue House.

Samsung Group and SK Group plan to invest up to 2,000 trillion won ($1.3 trillion) over 10 years in sectors like semiconductors, AI data centers, and physical AI as part of South Korea’s 'Three Mega Projects for the Great Leap Forward' initiative. Investments include building semiconductor fabrication plants in Gwangju and expanding chip production facilities in Chungcheong provinces.

Insilico Medicine and SK Biopharmaceuticals signed a $2.5B partnership to develop neuroimmune therapies using AI-driven drug discovery. Insilico will design candidates via its Pharma.AI platform, while SK Biopharmaceuticals handles late-stage development and commercialization. The deal includes potential milestone payments and royalties, marking Insilico's largest Asia-Pacific collaboration.

SK Hynix Inc. showcased its 12-layer HBM4 memory chips at the SK AI Summit in Seoul. Chey Tae Won, chairman of SK Group, predicted robust AI demand in the coming years, dismissing concerns about a spending bubble.