Take context from the input text and decide on the accurate relationship between 'Samsung' and 'SEOUL' from the options provided.
Options: legal form, owner of, location of formation, industry

SEOUL (Reuters) - Win or lose in its bid to derail an $8 billion (₤5.12 billion) Samsung Group merger on Friday, U.S. hedge fund Elliott Associates is likely to remain an irritant for the biggest of South Korea's powerful conglomerates.
location of formation