The Ministry of Justice in South Korea announced on Thursday that the country has been directed to pay New York hedge fund Mason Capital Management more than $32 million. This ruling by the Netherlands-based Permanent Court of Arbitration (PCA) stems from a dispute related to the 2015 merger of two Samsung affiliates. Mason Capital had initially claimed $200 million in damages, citing grievances arising from the merger between Samsung C&T and Cheil Industries. The hedge fund alleged that government influence, particularly by South Korea's largest pension fund, the National Pension Service (NPS), had affected the decision-making process. The approval of the $8 billion merger was a central point of contention, with Mason Capital arguing that its investors suffered as a result. Read more: Korea's Antitrust Regulator Orders Samsung to Rectify Business Interference Practices Although Mason Capital's claim was substantial, the PCA only partially accepted their argument.