Chey Tae-won, chairman of South Korea's SK Group, plans to sell approximately 2.3% of his stake in holding company SK Inc. to raise 944 billion won, or about $703.2 million, for his divorce settlement. The amount matches a property division payment ordered by the Seoul High Court in July. One day after the share-sale disclosure, Chey appeared at an official event in New York with Kim Hee-young, director of the T&C Foundation.