Region: South Korea

Korea drops challenge to hedge fund's award

South Korea has said it will not pursue a further appeal over a US$43 million investment treaty award in favour of US hedge fund Mason Capital after a Singapore court rejected its annulment bid earlier this year. 

22 April 2025

Hedge fund sees award against Korea upheld in Singapore

A Singapore court has rejected South Korea’s bid to set aside a US$43 million investment treaty award won by US hedge fund Mason Capital over the state’s interference in a Samsung merger. 

20 March 2025

Samsung consortium wins damages over Qatari metro

A Samsung-led consortium has won €315 million in an ICC case against a Qatari state-owned company over a terminated contract to build two metro stations in Doha.

04 March 2025

Baker McKenzie hires from Shin & Kim

Sung Woo (Sean) Lim has left Shin & Kim to join Baker McKenzie’s joint venture with KL Partners in Seoul. 

18 December 2024

Lee & Ko hires new practice head

Eun Young Park, the co-founder of Kim & Chang’s international arbitration group, has joined Lee & Ko as its head of international disputes in Seoul.

14 October 2024

California court enforces Korean airline catering award

A federal court in Los Angeles has enforced a US$52 million ICC award against a South Korean airline relating to a “lucrative” catering contract, rejecting arguments that it would contravene US public policy against financial crimes.

26 June 2024

Korean shipbuilder prepares SIAC claim over cancelled Russian contracts

South Korea’s Samsung Heavy Industries says it will file a claim at the Singapore International Arbitration Centre against a Russian shipyard owner that cancelled contracts worth US$4.3 billion for the supply of oil and gas tankers. 

13 June 2024

Hedge fund's award against Korea published

An award requiring South Korea to pay US$32 million to US hedge fund Mason Capital for interfering in an US$8 billion Samsung merger is now public.

21 May 2024

Three leave Lee & Ko in Seoul

Robert Wachter and Sean (Sungwoo) Lim have left their roles as co-heads of international arbitration at Lee & Ko to join Korean rival Shin & Kim – as Sunyoung Kim also leaves the firm to rejoin Baker McKenzie’s Korean arm. 

14 May 2024

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