Elliott Management Archives | Be Korea-savvy
Foreign Investors See Opportunity in Local Bourse

Foreign Investors See Opportunity in Local Bourse

SEOUL, May 22 (Korea Bizwire) — There are over 20,000 overseas funds – the likes of billionaire Paul Singer’s Elliott Management Corp – that have invested in the South Korean stock market, according to the Financial Supervisory Service (FSS). As of March, the number of foreign collective investment companies, or “funds”, registered with the government [...]

Hedge Fund’s Demands of Hyundai “Unfair”

Hedge Fund’s Demands of Hyundai “Unfair”

SEOUL, Apr. 27 (Korea Bizwire) — Kim Sang-jo, the director of the Fair Trade Commission, in response to American activist fund Elliott Management Corp.’s call to restructure Hyundai Motor Group, stated that “following such demands would be going against antitrust laws.” Kim also said that Elliott’s demands were “unfair” during the Asia Future Enterprise Forum [...]

Samsung, Elliott Appeal to Koreans’ Emotions to Win Merger Showdown

Samsung, Elliott Appeal to Koreans’ Emotions to Win Merger Showdown

SEOUL, July 14 (Korea bizwire) – Paul Singer, CEO of Elliott Management, released an old photo of himself taken when he visited Seoul World Cup Stadium in 2002 while the co-host country was astonishing the world. With red shirts emblazoned with the “Be The Reds” slogan, he posed in front of the stadium together with his [...]

Pension Fund Likely to Nod on Samsung Merger Plan

Pension Fund Likely to Nod on Samsung Merger Plan

SEOUL, July 10 (Korea Bizwire) – South Korea’s national pension fund operator on Friday decided its official stance on a merger between key subsidiaries of Samsung Group, the country’s leading family-controlled conglomerate, but won’t disclose what the stance is for the time being, officials said. But sources say that the operator decided to support the [...]

Korea Considering Legislation to Protect Corporate Management Rights from Hedge Funds

Korea Considering Legislation to Protect Corporate Management Rights from Hedge Funds

SEOUL, July 7 (Korea Bizwire) – As Samsung Group and U.S. hedge fund Elliott Management are struggling over the merger between Cheil Industries and Samsung C&T, some are raising concern that Korean firms’ management rights should be defended from attacks by international hedge funds. They say that as the Korean economy has matured and its financial markets are [...]