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Lone Star loses $127 million tax refund fight against Korean gov't

Seoul High Court rejected the U.S. private equity firm’s claim after the Supreme Court ruled refund rights belonged to tax-withholding agents.

2026.10.22

Minister of Justice Jung Sung-ho speaks at a press briefing at the Seoul Government Complex in central Seoul on Nov. 18. [YONHAP]

Gov't asks Lone Star to reimburse $5M in legal costs from dispute settlement

The government has requested that Lone Star Funds reimburse 7.4 billion won in legal costs incurred during the annulment proceedings of a high-profile investment dispute.

2025.11.25

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Prime Minister Kim Min-seok announces that the Korean government has won a legal battle against Lone Star Funds, a foreign private equity fund, over a past investor-state dispute settlement ruling related to its sale of Korea Exchange Bank, during a press briefing held at the government complex in central Seoul on Nov. 18. [YONHAP]

Korea scores major legal win in annulment of $216.5M Lone Star order, prime minister says

The Korean government scored a major legal victory on Tuesday by overturning an earlier ruling that had ordered it to pay $216.5 million in damages to U.S.-based private equity firm Lone Star Funds.

2025.11.18

Prime Minister Kim Min-seok, center, announces that the Korean government has won a legal battle against Lone Star Funds, a foreign private equity fund, over a past investor-state dispute settlement (ISDS) ruling related to its sale of Korea Exchange Bank, during a press briefing held at the government complex in central Seoul on Nov. 18. [YONHAP]

International body finds for Korea in dispute with Lone Star, annuls settlement ruling

The Korean government has won a legal battle against Lone Star Funds, a foreign private equity fund, over a past investor-state dispute settlement (ISDS) ruling related to its sale of Korea Exchange Bank.

2025.11.18

Supreme Court overturns Lone Star's $117 million tax compensation ruling

The Korean Supreme Court has overturned a lower court ruling that had ordered the Korean government and the Seoul Metropolitan Government to refund 168.2 billion won ($117 million) in taxes to U.S.-based private equity firm Lone Star.

2025.4.25

Gov't seeks cancellation of tribunal's Lone Star Funds ruling

The Korean government is seeking the cancellation of an international arbitration institution's decision ordering Korea to pay $216.5 million plus interest to Lone Star Funds as compensation for the selloff of Korea Exchange Bank (KEB).

2023.9.1

Customers walk by the Korea Exchange Bank (KEB) headquarters in Seoul on Dec. 29, 2009. [AP]

Lone Star seeks to cancel $217 million order against Korea

U.S. private equity firm Lone Star Funds has filed an application to cancel an international tribunal's order for the Korean government to pay $216.5 million over its sell-off of a local bank, claiming that the ordered payment is too small.

2023.7.31

A sign of Lone Star at a building in Gangnam District, southern Seoul, in 2006 [YONHAP]

U.S. court grants bail to former Lone Star official

The former Seoul branch chief of Lone Star, who led the U.S. equity fund's controversial acquisition of a Korean bank nearly two decades ago, has been released on bail, the Ministry of Justice said Tuesday.

2023.3.14

Justice minister Han Dong-hoon speaks on an arbitration ruling ordering the Korean government to pay $216.5 million in compensation during a briefing in Gwacheon, Gyeonggi, on Tuesday. [YONHAP]

[THINK ENGLISH] 론스타에 2855억원 배상 판정… 한국 정부는 “인정할 수 없다, 0원이어야”

Dallas-based Lone Star Funds has been awarded $216.5 million in an arbitration with the Korea government over losses it incurred when it sought to sell a stake in Korea Exchange Bank (KEB).

2022.9.7

Lone Star arbitration ruling to be challenged by Korea