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Nippon Steel & Sumitomo Corp assets may be seized over Wartime Labor Ruling-2019 China(Guangzhou)Int’l Metal&n
bsp;& Metallurgy Exhibition-metal exhibition
12/5/2018 金屬展-冶金展-鋼鐵展-steel expo-metal &metallurgy expo |
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JiJi Press reported that a lawyer for South Korean plaintiffs in a South Korean wartime labor case indicated Tuesday that they will start procedures to seize assets of Nippon Steel & Sumitomo Metal Corp if the Japanese company does not agree to hold talks by December 24. Speaking at a press conference in Tokyo, the lawyer, Lim Jae-sung, said the plaintiff side will start the procedures in South Korea if the steelmaker does not accept negotiations by 5 PM on Dec. 24.
His statement came after the South Korean Supreme Court ordered the Japanese company in late October to pay compensation to the plaintiffs, who claimed to have been forced to work for the company''s predecessor before the end of World War II. The Korean Peninsula was then under Japanese colonial rule.
It was the first time in a lawsuit related to the wartime forced labor issue between Japan and South Korea that a deadline for asset seizure has been specified.
If the procedures for such moves begin in South Korea, the Japanese side may take countermeasures, possibly souring Japan-South Korean relations further.
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