SEOUL (Reuters) – U.S. private equity firm Lone Star Funds has expressed disappointment over the amount an international court has ordered South Korea to pay in damages for its sale of Korea Exchange Bank, according to a press release received Thursday.
“We are disappointed with the amount of compensation which does not fully compensate Lone Star and its investors for the losses,” he said, without revealing what he would do with the decision of the International Center for Dispute Resolution. relating to investments.
Lone Star had sought payment of $4.68 billion in a claim filed in November 2012, which the World Bank Group organization ordered the South Korean government in a decision received Wednesday to pay $216.5 million. dollars plus interest.
South Korea’s justice minister said on Wednesday that the decision was unacceptable and that he would consider asking for the order to be overturned.