South Korea’s rematch with Elliott is a lose-lose

News Snapshot:

HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. The government plans to challenge a court ruling ordering it to pay $109 million to the world’s feistiest hedge fund; the dispute relates to a 2015 merger Samsung's Lee family orchestrated to help it with succession planning. Win or lose, dragging out the battle will ensure Korea Inc pays a steep price. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. The U.S. fund argued the terms were unfair to minority shareholders; Elliott held roughly 7%...