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South Korea ordered to pay Elliott $48.49 million in Samsung merger case

South Korea ordered to pay Elliott $48.49 million in Samsung merger case
Channel News Asia Thursday 01 October 2026, 00:25 UTC 1 min read
Key Points

South Korea ordered to pay Elliott $48.49 million in Samsung merger case SEOUL, Oct 1 : South Korea has been ordered to pay US hedge fund Elliott about $48.49 million plus interest after a tribunal ruled the government's involvement in the 2015 merger of Samsung C&T and Cheil Industries was causally linked to Elliott's losses, Seoul's Justice Ministry said on Thursday. The remand tribunal upheld the same damages award as the original arbitration, according to the ministry.

South Korea ordered to pay Elliott $48.49 million in Samsung merger case SEOUL, Oct 1 : South Korea has been ordered to pay US hedge fund Elliott about $48.49 million plus interest after a tribunal ruled the government's involvement in the 2015 merger of Samsung C&T and Cheil Industries was causally linked to Elliott's losses, Seoul's Justice Ministry said on Thursday. The remand tribunal upheld the same damages award as the original arbitration, according to the ministry. Source: Reuters
South Korea (LOCATION) Elliott $48.49 million (ORG) Samsung (ORG) SEOUL (LOCATION) US (LOCATION) Elliott (ORG) Samsung C&T (ORG) Cheil Industries (ORG) Justice Ministry (ORG)
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