Korean Sovereign Fund Asks Elliott To Refrain From Investing In KoreaMani
Korea Investment Corp, South Korea’s sovereign wealth fund, has requested Elliott Management Corp stop investing in Korea-based businesses following Elliott's losing proxy fight involving Samsung’s controlling Lee family.
Last month, Samsung C&T shareholders handed the Lee family heir apparent Lee Jae-young a victory in his quest for tightening control over the conglomerate’s crown jewel, Samsung Electronics Co.
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