Chey departed through the Seoul Gimpo Business Airport Center by using his private jet in the afternoon of April 24. He will stay in Japan for two nights until April 26. During his stay, he is scheduled to meet a handful of Japan's government officials and Toshiba top management and brief about SK Group's semiconductor business strategy and its strong will to acquire Toshiba's semiconductor unit.
Chey, in particular, is expected to discuss with the Japanese government about his semiconductor arm's possible participation in a Japanese consortium which would include an American private equity firm.
At present, SK Hynix is a No. 2 player in the global NAND flash memory market. If it succeeds in acquiring Toshiba's memory chip business, it could take the initiative in the global market.