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

South Korea will accept an international arbitration ruling in favor of Elliott Investment Management over the 2015 merger of Samsung C&T and Cheil Industries, the justice ministry said Wednesday. The ministry decided not to seek cancellation of the Sept. 30 ruling, which ordered Korea to pay about 153 billion won ($114 million) in damages plus interest. The tribunal found a causal relationship between Seoul’s intervention in the merger approval and Elliott’s losses.

Elliott filed its case in 2018, seeking compensation for losses tied to the merger.

Elliott, a minority stakeholder in Samsung C&T, argued that the Korean government unfairly mediated the merger’s approval.

An international tribunal ruled for Elliott in 2023, after which the Korean government challenged the ruling at the High Court in London.

The case was returned to the international tribunal for review in March.

Published Oct 28, 2026 4:05 pm KST

A justice ministry official speaks during a briefing on the Korean government's legal dispute with US hedge fund Elliott Investment Management at the ministry's office in Gwacheon, Gyeonggi Province, Feb. 24. Yonhap

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 originally filed the case in 2018, seeking compensation over losses from the controversial merger between Samsung C&T and Cheil Industries.

The U.S. hedge fund, which was a minority stakeholder of Samsung C&T, argued unfair mediation by the Korean government in the merger's approval.

An international tribunal ruled in favor of Elliott in 2023, but the Korean government took the case to the High Court in London. It was eventually returned to the international tribunal for review in March.

In the remanded ruling on Sept. 30, the tribunal recognized a causal relationship between Seoul's intervention for the approval of the merger and losses to Elliott.

韩国法务部周三表示，韩国将接受国际仲裁庭就三星物产与第一毛织2015年合并案作出的有利于埃利奥特投资管理公司的裁决。法务部决定不寻求撤销9月30日的裁决，该裁决责令韩国向埃利奥特支付约1530亿韩元（约合1.14亿美元）的赔偿金及利息。仲裁庭认定首尔干预合并审批与埃利奥特的损失之间存在因果关系。

Elliott 于 2018 年提起诉讼，寻求对与合并相关的损失进行赔偿。

三星物产的少数股东埃利奥特认为，韩国政府不公平地干预了此次合并的审批。

2023 年，国际法庭裁定埃利奥特胜诉，之后韩国政府向伦敦高等法院提起上诉，挑战该裁决。

该案于三月份被发回国际法庭进行复审。

发布于2026年10月28日下午4:05（韩国标准时间）

2月24日，在京畿道果川市司法部办公楼，一名司法部官员就韩国政府与美国对冲基金Elliott Investment Management的法律纠纷举行简报会。（韩联社）

韩国司法部周三表示，韩国将接受国际仲裁裁决，该裁决有利于美国对冲基金埃利奥特投资管理公司，涉及三星两家子公司在2015年的合并案。

该部决定不提起诉讼，要求撤销上个月的裁决。该裁决命令韩国向埃利奥特支付约 1530 亿韩元（1.14 亿美元）的赔偿金及利息。

埃利奥特最初于 2018 年提起诉讼，寻求对三星物产和第一毛织之间备受争议的合并造成的损失进行赔偿。

这家美国对冲基金是三星物产的少数股东，它认为韩国政府在批准此次合并案的过程中进行了不公平的调解。

2023年，国际仲裁庭裁定埃利奥特胜诉，但韩国政府将此案上诉至伦敦高等法院。最终，该案于3月被发回国际仲裁庭重审。

在 9 月 30 日的发回重审裁决中，法庭认定首尔干预批准合并与 Elliott 的损失之间存在因果关系。