Arbitral tribunal orders South Korea to pay 113 million dollars
An international arbitral tribunal reaffirmed South Korea s financial liability awarding hedge fund Elliott approximately 113 million US dollars following government intervention in the 2015 Samsung merger
On September 30, 2026, an arbitral tribunal reaffirmed its previous decision regarding a Samsung merger case in 2015, ordering the Republic of Korea to pay $113 million. The tribunal found that the ROK's forced shareholder vote in favor of the merger breached the U.S.-Korea Free Trade Agreement and caused Elliott Investment Management L.P. significant losses.
The tribunal's original award in June 2023 included damages, interest, and legal fees, and was increased by $18.9 million due to unnecessary proceedings caused by the ROK. The Korean government's delays and challenges added to the total burden, with interest accruing daily. The ruling brings an end to a long legal battle that has cost Korean taxpayers a significant sum, and marks the ROK's attempt to create a fair and transparent capital market.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
