U.S. activist investor Elliott Management has struck again in South Korea. It may not get everything it asks for this time, but it could still generate some good returns.
The $35 billion hedge fund, run by Paul Singer, has published its proposal to revamp auto-to-steel conglomerate Hyundai Motor Group. Elliott said earlier this month it had invested more than $1 billion in shares of three of the group’s listed affiliates—Hyundai Motor, Kia Motors and Hyundai Mobis—with a more than 1.5% stake in each.
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