Chairman Chey Tae-won is reviewing a share sale to raise about ₩944 billion, the Kyunghyang Shinmun reported, with memories of the 'Sovereign' control fight cited as a variable.

A major holder selling stakes raises cash but can weaken control, so the size and method tie directly to stability.

In the early 2000s, hedge fund Sovereign amassed SK shares and threatened control—an emblematic moment in Korea's governance debate.

Markets watch whether, when and which shares are sold; the balance of funding and control is key.

We report governance issues on the facts, without taking sides.