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Samsung Group prevails in fight with US fund

Korean conglomerate's victory over Elliott Associates underscores resilience of country's corporate dynasties

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PARADIGM SHIFT: The flags of South Korea (centre) and Samsung C&T Corp are reflected in the window of the firm's Seoul headquarters.The outcome of the proxy fight is seen affecting Samsung's succession plans.

Singapore

SAMSUNG Group prevailed in one of the most contested proxy fights South Korea has seen, defeating billionaire investor activist Paul Elliott Singer and underscoring the resilience of the nation's corporate dynasties.

Shareholders of Samsung C&T Corp on Friday voted in

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