SEOUL, Dec. 29 (Korea Bizwire) — Public notices of a local court took effect Tuesday to move forward a legal process to sell off local assets of a Japanese firm to compensate victims of Japan’s wartime forced labor, in a procedure likely to raise diplomatic tensions between Seoul and Tokyo. The public notification to Mitsubishi [...]
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) [...]
MONTREAL, June 1 (Korea Bizwire) — Bombardier (TSX: BBD.B) confirmed today the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries, Ltd (MHI) (TOKYO:7011) for a cash consideration of approximately $550 million, subject to post-closing adjustments and the assumption of liabilities by MHI related to credit and residual [...]
GWANGJU, Dec. 5 (Korea Bizwire) — A regional appellate court ruled Wednesday that Japan’s Mitsubishi Heavy Industries, Ltd. must compensate Korean victims of wartime forced labor for their unpaid work, adding to a recent series of rulings in favor of the victims. The Gwangju High Court upheld the lower court decision for three elderly defendants, [...]