SEOUL, Feb. 23 (Korea Bizwire) — A Seoul court on Wednesday ruled against South Korean victims of Japan’s wartime forced labor in a damages suit filed against Japanese companies, apparently on grounds that the cases’ statute of limitations has expired. The suit was filed against Japan’s Mitsubishi Heavy Industries Ltd. and Kumagai Gumi Co. by [...]
DAEJEON, Jan. 11 (Korea Bizwire) – The Supreme Court has dismissed a second appeal filed by Japan’s Mitsubishi Heavy Industries against an order to sell patent rights the company has in South Korea to compensate a victim of wartime forced labor, according to legal sources Tuesday. The top court dismissed Mitsubishi Heavy’s appeal against the [...]
ANYANG, Sept. 2 (Korea Bizwire) — The families of four forced labor victims have withdrawn a request to seize what was believed to be assets of Japan’s Mitsubishi Heavy Industries Ltd. in South Korea, legal sources said Thursday. The families recently filed the withdrawal request with the Anyang branch of the Suwon District Court, just [...]
ANYANG, Aug. 19 (Korea Bizwire) – A South Korean court has ordered the seizure of Japan’s Mitsubishi Heavy Industries Ltd.’s assets here to provide compensation to forced wartime labor victims’ families, according to judicial sources Thursday. According to Haemaru Lawfirm, the Anyang branch of Suwon District Court, just south of Seoul, recently ordered the seizure of [...]
DAEJEON, Feb. 16 (Korea Bizwire) — A South Korean appellate court has dismissed Japanese company Mitsubishi Heavy Industries’ appeal against a lower court’s order to seize its assets held here to compensate victims of Japan’s wartime forced labor, judicial officials said Tuesday. The Daejeon District Court’s appellate division in the central South Korean city made [...]
DAEJEON, Jan. 4 (Korea Bizwire) — Japan’s Mitsubishi Heavy Industries has appealed a South Korean court’s order to seize its assets held in South Korea soon after the relevant legal process to compensate victims of Japan’s wartime forced labor took effect late last month, judicial officials said Monday. The public notifications to Mitsubishi Heavy went [...]
GWANGJU, Jul. 23 (Korea Bizwire) — A civic group supporting Korean victims of wartime forced labor on Tuesday filed an application with a local court against Japan’s Mitsubishi Heavy Industries Ltd. to order the sale of the Japanese firm’s assets seized in South Korea. The civic group announced the move against the Japanese firm at [...]
TOKYO and MONTRÉAL, Jun. 25 (Korea Bizwire) — Mitsubishi Heavy Industries, Ltd (MHI) (TOKYO:7011) and Bombardier Inc (TSX: BBD.B) announced today they have entered into a definitive agreement, whereby MHI will acquire Bombardier’s regional jet program for a cash consideration of $550 million USD, payable to Bombardier upon closing, and the assumption by MHI of [...]
SEOUL, Mar. 25 (Korea Bizwire) — A South Korean local court has approved the seizure of Mitsubishi Heavy Industries Ltd.’s trademark and patent assets, after the Japanese company had refused to heed an earlier order by the South Korean Supreme Court to compensate victims of wartime forced labor, a civic activist group said Monday. The [...]