Shareholder activist Elliott claims legal win against South Korea

International court orders Seoul to pay $108.5m to U.S. fund over merger

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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

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.

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