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Court rules against Lone Star in tax case

An appeals court ruled against U.S. private equity firm Lone Star in its suit to reclaim 168.2 billion won ($125.9 million) in taxes from the Korean and Seoul city governments. The Seoul High Court sided with the central government and Seoul City on Thursday, according to Yonhap and KBS World. The Korea Times also reported the ruling, noting the court rejected Lone Star's claim for a refund of the combined tax amount.

  1. Court rules against Lone Star in $125.9 mil. tax case Korea Times · 2026-10-22
  2. Court rules against Lone Star in 168 bln-won tax case Yonhap · 2026-10-22
  3. Court Rules in Favor of Central Gov’t, Seoul City in Lone Star Tax Refund Retrial KBS World · 2026-10-22

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