S. Korea ordered to pay nearly $50 mil. to Elliott over Samsung merger case

South Korea has been ordered to pay Elliott Investment Management nearly $50 million over the 2015 merger of Samsung C&T Corp. and Cheil Industries Co. The justice ministry said an international tribunal found a causal link between Seoul’s intervention and Elliott’s losses. The tribunal had made the same damages ruling in 2023, while Elliott said the total award including interest and costs was about $113 million.

The tribunal ordered South Korea to pay $48.49 million in damages.

The ministry said the tribunal did not disclose the other costs, including delayed interest.

Elliott filed the case in 2018 seeking $770 million in compensation.

The case involved the 2015 merger of Samsung C&T Corp. and Cheil Industries Co.

The High Court in London sided with Seoul and sent the case back for review in February.

Published Oct 1, 2026 11:47 am KST

A view of the Ministry of Justice building located inside the Government Complex-Gwacheon, Gyeonggi Province, South Korea, Sept.3

South Korea has been ordered to pay nearly $50 million in compensation to U.S. hedge fund Elliott Investment Management over the 2015 merger of two Samsung affiliates, the justice ministry said Thursday.

An international tribunal ordered the South Korean government Wednesday to pay $48.49 million in damages to Elliott over a dispute stemming from the controversial merger, according to the ministry.

The ministry did not give figures for other costs also ordered by the tribunal, including delayed interest.

The tribunal recognized a causal relationship between Seoul's intervention for the approval of the merger of Samsung C&T Corp. and Cheil Industries Co. and losses to Elliott, it said.

A tribunal administered by the Permanent Court of Arbitration had ordered Seoul to pay the same amount in damages in an earlier decision in 2023, the ministry said.

Following Wednesday's ruling, Elliott welcomed the decision in a release, noting the tribunal granted about $113 million, including damages, interest and other costs.

Elliott filed the case in 2018 seeking compensation of $770 million over losses from the merger, arguing "unfair" mediation by the South Korean government in the process of approving the merger.

The U.S. hedge fund was a minority stakeholder of Samsung C&T Corp.

The case reached the High Court in London, which sided with Seoul and sent the case back for review in February.

韩国被勒令向埃利奥特投资管理公司支付近5000万美元，这笔款项源于2015年三星物产株式会社与第一毛织株式会社的合并案。韩国司法部表示，一个国际仲裁庭认定首尔的干预与埃利奥特的损失之间存在因果关系。该仲裁庭曾在2023年做出过同样的赔偿裁决，而埃利奥特则表示，包括利息和诉讼费用在内的总赔偿金额约为1.13亿美元。

法庭裁定韩国需支付 4849 万美元的赔偿金。

该部表示，仲裁庭没有披露其他费用，包括滞纳金。

埃利奥特于 2018 年提起诉讼，索赔 7.7 亿美元。

该案件涉及三星物产株式会社和第一毛织株式会社于 2015 年的合并。

伦敦高等法院支持首尔方面，并将此案发回重审。

发布于2026年10月1日上午11:47（韩国标准时间）

9月3日，韩国京畿道果川市政府综合大楼内的司法部大楼一景。

韩国司法部周四表示，韩国被勒令向美国对冲基金埃利奥特投资管理公司支付近5000万美元的赔偿金，原因是该公司在2015年合并了两家三星子公司。

据韩国财政部称，一个国际法庭周三裁定，韩国政府因与埃利奥特公司就备受争议的合并案产生的纠纷，需向埃利奥特公司支付 4849 万美元的赔偿金。

该部委没有提供法庭裁定的其他费用（包括滞纳金）的具体数额。

法庭认定首尔干预批准三星物产株式会社和第一毛织株式会社的合并与埃利奥特公司遭受损失之间存在因果关系。

该部表示，常设仲裁法院管理的仲裁庭在 2023 年的一项裁决中命令首尔支付相同数额的赔偿金。

周三裁决公布后，埃利奥特在一份声明中对裁决表示欢迎，并指出法庭裁定赔偿金额约为 1.13 亿美元，其中包括损害赔偿金、利息和其他费用。

埃利奥特于 2018 年提起诉讼，要求赔偿 7.7 亿美元，理由是韩国政府在批准合并过程中进行了“不公平”的调解。

这家美国对冲基金是三星物产公司的少数股东。

该案最终上诉至伦敦高等法院，伦敦高等法院支持首尔方面，并将案件发回重审。