SEOUL, Nov. 10 (Korea Bizwire) — A public notice by a court went into effect on Tuesday to proceed with a stalled legal process to liquidate the assets of a Japanese firm and compensate wartime forced laborers. The Daejeon District Court in central South Korea has served the notice to Mitsubishi Heavy Industries Ltd (MHI) [...]
SEOUL, June 4 (Korea Bizwire) — A local court has decided to begin a legal procedure that could lead to liquidating seized assets of a Japanese firm that has ignored a ruling to compensate Korean victims of Japan’s wartime forced labor. According to the legal representatives for four Korean plaintiffs Wednesday, the Pohang branch of [...]
SEOUL, Jan. 2 (Korea Bizwire) — Victims of Japan’s wartime forced labor have filed for an asset seizure against Nippon Steel & Sumitomo Metal Corp. (NSSM) as the Japanese firm has not carried out the top court’s order to compensate them. A legal counsel representing the four victims and their descendants has recently asked a [...]