South Korean government wins case to nullify fine over Lone Star Funds dispute

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SEOUL :The International Centre for Settlement of Investment Disputes (ICSID) has nullified its 2022 order that the South Korean government pay damages of $216.5 million plus interest to Lone Star Funds over the U.S. firm's sale of Korea Exchange Bank, Prime Minister Kim Min-seok said on Tuesday. The tribunal also ordered Lone Star Funds to pay the South Korean government its litigation expenses of around 7.3 billion won ($4.99 million) within 30 days, Kim told a briefing. In 2023 the South

South Korean government wins case to nullify fine over Lone Star Funds dispute https://www.channelnewsasia.com/ - 18.11.2025 19:20

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South Korean government wins case to nullify fine over Lone Star Funds dispute https://www.channelnewsasia.com/ - 18.11.2025 19:20