Loss will bleaken ROK’s reputation but may incentivize Seoul to work to boost credibility as foreign investment hub
The partial victory of Elliott Investment Management (EIM), an American investment management firm, against the South Korean government at an international tribunal in the Hague may herald a broader shift in the country’s corporate governance and investment climate.
The Permanent Court of Arbitration ruling mandates that South Korea disburse roughly $108.5 million in damages and legal fees to EIM, substantially lower than the firm’s original claim of $770 million. This claim arose following the contentious merger of two Samsung affiliates, Cheil Industries and Samsung C&T, in 2015.
The partial victory of Elliott Investment Management (EIM), an American investment management firm, against the South Korean government at an international tribunal in the Hague may herald a broader shift in the country’s corporate governance and investment climate.
The Permanent Court of Arbitration ruling mandates that South Korea disburse roughly $108.5 million in damages and legal fees to EIM, substantially lower than the firm’s original claim of $770 million. This claim arose following the contentious merger of two Samsung affiliates, Cheil Industries and Samsung C&T, in 2015.
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