Elliott Management Archives | Page 2 of 2 | Be Korea-savvy
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 [...]

Institutional Investors to Act as Swing Voters with More Than 20 Pct Shares of Samsung C&T

Institutional Investors to Act as Swing Voters with More Than 20 Pct Shares of Samsung C&T

SEOUL, June 23 (Korea Bizwire) — South Korean institutional investors own more than 20 percent of Samsung C&T, which could serve as the swing vote on its high-stakes fight with a U.S. hedge fund over a controversial merger plan, market sources said Tuesday. The state-run National Pension Service (NPS), the biggest institutional investor in South Korea, and [...]