Lone Star Funds Archives | Be Korea-savvy

Korean Tax Agency to Levy Surtax against Lone Star Funds

SEOUL, May 28 (Korea Bizwire) – After its partial victory in a lawsuit against the U.S. private equity firm Lone Star Funds over the taxation of income generated by the sale of a skyscraper in Seoul’s Gangnam district, the National Tax Service (NTS) is expected to levy the additional tax on Lone Star. On May 27, the [...]

Lone Star Wins Lawsuit Asking for Refund of 177 Bil. Won Taxes Withheld for KEB Deal

SEOUL, Nov. 24 (Korea Bizwire) — U.S. private equity investor Lone Star Funds, which withdrew from Korea with a handsome profit of 4.6 trillion won (US$4.14 billion) after selling the controlling stake in Korea Exchange Bank, has won a lawsuit with the Korean court to ask for a refund for taxes withheld at the time of the [...]