It is very possible that Elliott could launch a contest in Korea if Samsung doesn't implement some or all of their recommendations. Korean rules allow for a shareholder with a 0.5% stake for six months to nominate dissident director candidates at a company's upcoming annual meeting. It is possible that Elliott affiliates have held their stake, which was at 0.62% last month, for over six months, making them eligible to nominate a dissident slate at the company's annual meeting, which is expected in February. The New York activist fund has launched more than 96 campaigns at 92 companies since 1994, according to FactSet. It has also undertaken 13 proxy fights and threatened director-election contests at four companies in efforts to drive M&A and other moves. The campaign follows an unsuccessful effort by Elliott in 2015, where the fund sought to keep an $8.5 billion merger between related companies Cheil Industries Inc. and Samsung C&T from taking place.