Yoo Hyuk-kee’s family company ran the Sewol ferry, whose sinking off the South Korean coast left hundreds dead. Prosecutors have charged Mr. Yoo, a U.S. resident, with embezzlement.
South Korea's Justice Ministry said Tuesday it has filed an lawsuit in England to block a June ruling in an international arbitration court that ordered Seoul to pay $107.8 million in damages and legal costs to US hedge fund giant Elliott Investment Management. The Justice Ministry claimed that the National Pension Service, a public pension scheme that was at odds with Elliott over the controversial merger in 20.
An international court’s decision sentencing South Korea to pay a US hedge fund about $108.5 million in losses caused by the government’s meddling in the 2015 merger of two Samsung units may affect other pending rulings on investor-state dispute cases involving the country. Elliott Investment Management on Wednesday urged the Korean government to pay the amount to the investor as ordered by the Permanent .