SEOUL: An international tribunal has ordered the particular South Korean govt to pay Lone Star Funds US$216. five million plus fascination with a long-running dispute over the US private equity finance firm’s sale of Korea Exchange Bank.
The problems awarded by the Global Centre for Arrangement of Investment Differences, however , represents just 4. 6 percent of US$4. 68 billion Lone Celebrity had sought within compensation, South Korea’s Justice Ministry mentioned in a statement.
The ministry additional it was analysing the verdict and considering its next actions.
Lone Star filed the complaint in November this year. It had searched for compensation for what it said was a long-delayed review process for that sale and unjust taxation, according to local media.
Reuters was not immediately capable of reach a Single Star representative meant for comment.
Korea Exchange Bank has since been merged into Hana Financial institution.