Thursday, 1 October, 2026
Billions for Samsung, Millions for Elliott: Seoul Ordered to Pay
By TechShots Studio
A remand tribunal has ordered South Korea to pay U.S. hedge fund Elliott $48.49 million plus interest. The ruling stems from the government’s corrupt intervention in the controversial 2015 Samsung C&T and Cheil Industries merger, which illegally pressured the national pension fund to support the deal and directly caused heavy financial losses to foreign shareholders.
Read full story at REUTERS