Korea accepts int'l arbitration in favor of Elliott in Samsung merger case

Korea Times News ·
Business Mergers & Acquisitions South Korea
South Korea

Korea will accept an international arbitration ruling in favor of U.S. hedge fund Elliott Investment Management over the 2015 merger of two Samsung affiliates, the justice ministry said Wednesday. The ministry decided not to file a suit seeking a cancellation of last month's ruling, which ordered Korea to pay about 153 billion won ($114 million) in damages plus interest to Elliott. Elliott…

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