Korean government wins $127 million tax refund lawsuit against Lone Star

The South Korean government and Seoul won a lawsuit Thursday against US private equity firm Lone Star Funds over 168.2 billion won ($127 million) in tax refunds, after the Seoul High Court rejected Lone Star’s claims in a retrial ordered by the Supreme Court. The case involved nine Lone Star-affiliated entities, including Lone Star Funds, seeking the return of taxes imposed on their investments in Korea. The ruling dismissed claims for refunds that lower courts had previously ordered the central

Source: The Korea Herald