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Chey Tae-won

Chey Tae-won

C. Tae-won
-0.06% | - $-2.10M
$3.38 B ₹ 30,752 Cr
Real Time Net Worth #1245 Ranking as of 21 Feb 2026 By Forbes

More on Chey Tae-won

Gender

Male

Age

65Y

Country

South Korea

Born On

December, 1960

Deceased

No

Relationship Status

Divorced

Children

4

Education

University Of Chicago - PhD

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

SK Group

Titles

Chairman

Sources of Wealth

SK Group

Industry

Diversified, Technology, Telecom, Energy, Semiconductors

About Chey Tae-won


C hey Tae-won is a prominent South Korean business magnate and the chairman of SK Group, one of the country's largest family-controlled conglomerates, or chaebols. He inherited the leadership of the group from his late father, who had taken over from Chey's uncle, the company's founder. SK Group has vast and diverse business interests, with its two main pillars being energy and telecommunications.

Under Chey's leadership, SK Group has grown into a global powerhouse. Its subsidiary, SK Hynix, is the world's second-largest memory chip maker, while SK Telecom is the country's largest mobile carrier. The group is also a dominant player in oil refining and chemicals through SK Innovation. Chey's tenure has been marked by both aggressive global expansion and significant legal troubles, including a high-profile imprisonment for embezzlement, from which he was later pardoned. More recently, he has been involved in a record-breaking divorce settlement that has put his control over the company under scrutiny.

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Quick Reads


  • Chairman of SK Group, one of South Korea's largest chaebols.
  • The group's main businesses are semiconductors (SK Hynix) and telecom (SK Telecom).
  • He inherited control of the group from his father.
  • His career has been marked by legal issues, including a prison sentence.
  • He is involved in what could be South Korea's largest-ever divorce settlement.

Early Life and Background


Chey Tae-won is a South Korean businessman, the Chairman and CEO of SK Group, the nation's second-largest conglomerate (chaebol), with core businesses in energy, telecommunications, and semiconductors. Born in 1960, he is the eldest son of the former Chairman, Chey Jong-hyon. His father's philosophy—A company shouldn't grow only through competition—it should grow with the community and give back to society—deeply influenced him.

Chey received an elite education, graduating from Korea University with a bachelor's degree in Physics. He further specialized in economics, completing a combined master's and doctoral program in Economics at the University of Chicago. This blend of scientific rigor (physics) and economic theory positioned him to lead the massive, diversified conglomerate through strategic, high-tech expansions.

Career Journey of Chey Tae-won


Chey Tae-won joined the SK Group (then Sunkyong) in 1991 as a manager in the trading division. He rapidly ascended the ranks, holding executive positions in the strategy and planning offices. The pivotal moment came in 1998 when he was appointed Chairman and CEO of the SK Group, following the sudden death of his father. He became the central figure uniting the 89 companies that comprise the massive conglomerate.

His leadership is defined by strategic mergers and acquisitions (M&A), successfully expanding the group from oil refining and telecommunications into high-tech sectors like semiconductors (SK Hynix) and biotechnology (SK Biopharm). His acquisition of SK Hynix in 2011 was decisive, growing the SK Group into South Korea's second-largest chaebol. In recent years, Chey has become a national voice, calling for increased investment in AI and accelerating efforts to secure a hydrogen business value chain, positioning the group for the future of clean energy and technology.

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Chey Tae-won's Timeline


1989:

Completes his Ph.D. program in Economics at the University of Chicago (Academic Achievement).

1991:

Joins Yukong Ltd. (now SK Innovation) as a manager (Corporate Entry).

1998:

Appointed Chairman and CEO of the SK Group (Executive Succession).

2011:

Leads the acquisition of SK Hynix (Major Acquisition).

2015:

Establishes SK Biotech by splitting off the API production division (Strategic Diversification).

2022:

Leads the SK Group's expansion into the hydrogen business value chain (Current Focus).

Major Business Ventures and Investments


Chey Tae-won's wealth is rooted in his generational control and leadership of the massive, diversified conglomerate, SK Group.

  • SK Group (Chairman & CEO): The core private asset, a dominant force in energy (SK Innovation), telecommunications, and semiconductors (SK Hynix).
  • Strategic Acquisitions: His wealth is tied to the successful acquisitions of SK Hynix (semiconductors) and the expansion of SK Biopharm (biotechnology).
  • New Energy Focus: He is aggressively pushing the group to secure a hydrogen business value chain and invest in AI infrastructure.
  • Civic Roles: He serves as Chairman of the Korea Chamber of Commerce and Industry (KCCI) and on the United Nations Global Compact Board.

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Philanthropy and Social Impact


Chey Tae-won's social impact is massive and national, tied directly to SK Group's contribution to the Korean economy. His father's philosophy—that companies must 'grow with the community and give back to society'—guides his commitment to ESG management (Environment, Social, and Governance).

His structural contribution is the successful modernization of the chaebol system and the creation of tens of thousands of high-value jobs in sectors like semiconductors and biotechnology. He actively advocates for attracting more foreign talent and easing local regulations to nurture soft money industries beyond traditional manufacturing.

Fashion, Style, and Lifestyle


Chey Tae-won maintains the highly professional, refined style of a South Korean chaebol chairman. His attire is consistently bespoke, favoring tailored suits and a classic, conservative aesthetic. His style reflects his elite education and his immense authority over the nation's second-largest conglomerate.

Residing in Seoul, his luxury is the profound financial security and national influence derived from his empire. He is fluent in English and Japanese, and his life is defined by his commitment to strategic, generational leadership, balancing the legacy of his father with the future of AI and clean energy.

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Quotes and Philosophy


“My father always said that companies must contribute to the national economy.”

“We need to increase investment in AI and ease local regulations through what I describe as 'mega sandboxes.'”

Fun Facts & Trivia


  • He is the Chairman and CEO of SK Group, South Korea's second-largest conglomerate.
  • He holds degrees in Physics (Korea University) and Economics (University of Chicago).
  • He led the acquisition of SK Hynix, a major semiconductor manufacturer.
  • His father's core philosophy was that a company must grow with the community and give back to society.
  • He is accelerating efforts to secure a hydrogen business value chain.
  • He served as President of the Korea Handball Federation.
  • He is known for promoting 'soft money' industries like AI and venture capital.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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