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South Korea has again been held liable in an international investment dispute settlement (ISDS) case brought by U.S. hedge fund Elliott Investment Management L.P. over the 2015 Samsung C&T Corp.-Cheil Industries Co. merger. The government faces a total payment of about $113 million, including damages, interest, and legal and litigation costs.
Kim Gun-hee, the wife of former President Yoon Suk Yeol, was sentenced to seven years in prison in the first trial for receiving expensive precious metals and luxury goods from political and business figures in exchange for personnel requests and business convenience.
JTBC, a comprehensive programming channel, applied to the Seoul Rehabilitation Court on the 15th, three days after declaring a default of 20.6 billion won. Central Holdings, a holding company of the Central Group, and its affiliates, Central P&I, Megabox Central, and Contentree Central, went into the same procedure.
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