CompaniesShareholder activist Elliott claims legal win against South Korea
International court orders Seoul to pay $108.5m to U.S. fund over merger
Elliott Investment Management filed suit against the South Korean government in 2018 at the Netherlands-based Permanent Court of Arbitration. (Source photos by AP)
KIM JAEWON, Nikkei staff writer
June 21, 2023 15:12 JST
Updated on June 21, 2023 19:00 JST
SEOUL -- U.S. hedge fund Elliott Investment Management said it has won an international arbitration case against the South Korean government over a 2015 investment in a Samsung Group company and was awarded $108.5 million in damages, interest and legal fees.