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Court orders seizure of Japan's Mitsubishi Heavy's assets in S. Korea over forced wartime labor
All News 17:27 August 19, 2021 Yonhap News Agency
ANYANG, South Korea, Aug. 19 (Yonhap) -- 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 about 850 million won (US$725,000) worth of bonds the Japanese company owns in LS Mtron Ltd., a South Korean industrial machinery manufacturer.
The value is the equivalent of the total 340 million won of damages ordered to be provided to four victims of Japan's forced labor during World War Ⅱ in a 2018 Supreme Court ruling, as well as approximate losses incurred from the delay of the compensation.
According to Haemaru Lawfirm, the Anyang branch of Suwon District Court, just south of Seoul, recently ordered the seizure of about 850 million won (US$725,000) worth of bonds the Japanese company owns in LS Mtron Ltd., a South Korean industrial machinery manufacturer.
The value is the equivalent of the total 340 million won of damages ordered to be provided to four victims of Japan's forced labor during World War Ⅱ in a 2018 Supreme Court ruling, as well as approximate losses incurred from the delay of the compensation.
More: https://en.yna.co.kr/view/AEN20210819004251315?input=tw