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“We are disappointed in the amount of the award which fails to fully compensate Lone Star and its investors for losses,” it said, without disclosing what it would do with the ruling by the International Centre for Settlement of Investment Disputes.
Lone Star had sought payment of $4.68 billion in a claim it filed in November 2012, of which the World Bank Group organisation ordered the South Korean government in a ruling received on Wednesday to pay $216.5 million plus interest.
South Korea’s justice minister said on Wednesday the ruling was unacceptable and that he would consider seeking the annulment of the order.
