South Korean billionaire businessman, chairman of SK Group
South Korea has accelerated its semiconductor push, pledging hundreds of trillions of won in memory fabs and AI data centers. President Lee Jae-myung frames the plan as national survival, aiming to double memory capacity within five years. Samsung and SK Hynix pledge multi‑trillion investments, with broader plans to build new fabs and hubs in the southwest.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
The Seoul High Court has ordered a further review of the divorce settlement between Chey Tae-won and Roh Soh-yeong. The ruling, following a Supreme Court direction, values Roh’s claim at a level lower than last year’s 1.38 trillion won award. The case, tied to Chey’s SK Group leadership and the AI-chip boom, could be sent back to the Supreme Court if appeals are filed.