Korea not to appeal ruling in favor of Mason Capital in Samsung case

Quick Summary:

Following the decision, the South Korean government is set to pay Mason about 86 billion won ($60.5 million).“After in-depth discussions with our law firms and legal experts, the government has decided not to appeal the Singaporean court's ruling on March 20, 2025, which dismissed the government’s claim for a reversal of the Mason ISDS arbitral award,” the justice ministry said in a statement.

The ISDS case dates back to 2018 when Mason sought compensation of over $200 million from the South Korean government, arguing that it suffered investment losses because the government intervened in the 2015 merger of two Samsung units – Samsung C&T Corp.and Cheil Industries Inc.

South Korea said on Friday it has decided not to appeal a Singaporean court’s rejection of its lawsuit to annul an investor-state dispute settlement (ISDS) ruling that ordered it to pay compensation to US-based Mason Capital Management LLC over losses related to a 2015 merger of two Samsung Group affiliates.

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Article Details

Category: Economy

Markets: South KoreaNetherlandsSingapore

Topics: Samsung Merger Korean Appeal Court Korea Ruling Mason Case Government South

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 17:10:28 (6 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Korea Economic Daily

News ID: 28185982

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