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S. Korean court begins process to seize assets of Japanese company over forced labor during WWII
Updated: 2020-06-04 13:24:36 KST
A South Korean court has decided to deliver public notice of its decision last year to seize the local assets of Japanese steelmaker Nippon Steel and Sumitomo Metal over its use of Koreans in forced labor during World War Two.
The company has failed to respond to the ruling, so public notice means the court will consider notice to have been delivered.
That will take effect August 4th.
South Korea's Supreme Court ordered the Japanese company to compensate four South Koreans for the forced labor they endured and for their unpaid work.
To fund the compensation, the court decided to seize the company's assets.
Japan's foreign ministry received the legal document on the ruling at the time but took no further action.
Reporter : jhlucyoh@arirang.com