[SEOUL] A homegrown hedge fund has taken up activism in South Korea, betting the country's family-owned conglomerates will have to deploy their cash hoards. The timing couldn't be better after Elliott Management Corp's campaign pushed Samsung Electronics to boost its dividend and amid the start of a stewardship code last December. Lime Asset Management, which oversees US$500 million, started its first activist fund in November. The Seoul-based money manager is seeking to press firms with high cash levels to return it to shareholders, according to Lime chief executive officer Jongjun Won. The fund has made investments but Won declined to comment...