South Korea accepted international arbitration in Elliott's favor in the Samsung merger case. A legal win for activists pressing Korean conglomerates on governance, and it keeps the Samsung complex's

What happened: South Korea's justice ministry said it will accept an international arbitration ruling in favor of Elliott Investment Management over the 2015 merger of Samsung C&T Corp. and Cheil Industries Co., deciding not to seek cancellation. Key numbers: About 153 billion won ($114 million) in damages plus interest. Elliott filed in 2018; tribunal ruled for Elliott in 2023; remanded ruling on Sept. 30. Why it matters: The tribunal recognized a causal link between Seoul's intervention approving the merger and Elliott's losses, and the government declined to challenge the award in court.

South Korea's justice ministry said it will accept an international arbitration ruling in favor of Elliott Investment Management over the 2015 merger of Samsung C&T Corp. and Cheil Industries Co., deciding not to seek cancellation.

The tribunal recognized a causal link between Seoul's intervention approving the merger and Elliott's losses, and the government declined to challenge the award in court.