Politics · South Korea · 1 hr ago
Lone Star loses Korean tax refund case worth 168.2 billion won
US private equity firm Lone Star lost a tax refund lawsuit in South Korea.
The case sought the return of more than 168.2 billion won from the South Korean government and Seoul city government.
The dispute was heard in a remand trial, a new hearing after a case is sent back by a higher court.
The available details do not explain what taxes the claim concerned or why the case was sent back.
The ruling means Lone Star did not win the refund it sought in this hearing.
No further steps or appeal plans are stated.
Lone Star lost a tax refund case worth about 168.2 billion won against the South Korean government and Seoul city.
The ruling came in a remand trial after a previous decision was overturned and sent back.
The case involved a claim by the US-based private equity fund to recover taxes.
- Who
- Lone Star, a US-based private equity fund, sued the South Korean government and Seoul city.
- What
- Lone Star lost a tax refund case worth about 168.2 billion won.
- When
- October 22, 2026, according to the article’s publication date.
- Where
- South Korea.
- Why
- Not stated
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Claim value
- About 168.2 billion won
- Claimant
- Lone Star
- Defendants
- South Korean government and Seoul city
- Ruling
- Lone Star lost in the remand trial
- Published
- October 22, 2026