Trial over “commissioning” Korean court ordering sale of assets Considering after August

"Execution" Trial Korean Court Asset Sale Order Considered after August 8:38 June 4th

In a South Korean trial over "commissioning" during the Pacific War, the plaintiffs are proceeding with the procedure to seize and sell the assets of Japanese companies.

Against this backdrop, a Korean court is expected to begin publishing documents addressed to Japanese companies on its homepage this month, and consider whether to issue an order to sell assets from this August.

In a South Korean case for "commissioning," the Supreme Court of Korea passed down a ruling in October, ordering the defendants Nippon Steel & Sumitomo Metal, and now Nippon Steel, to compensate.

Regarding this, the Japanese government has already resolved the problem of “commissioning” based on the Japan-Korea Claims Agreement, and is asking the Korean government to rectify the state of violation of international law. Hmm.

Meanwhile, the plaintiffs have petitioned a Korean court to seize the assets of a Japanese company in Korea and issue a sale order in May last year.

Against this background, a Korean court on January 1 took a procedure called "public notice service" in which documents permitting the seizure of assets were posted on the website for a certain period of time.

By this procedure, the documents will be deemed to have arrived at the Japanese company on August 4th, and it is expected that the court will then consider whether to issue an order to sell the property.

According to the plaintiffs' statement, the court claims that these documents were sent by the court to the Japanese Ministry of Foreign Affairs, but returned to the Korean side.

Until now, the Japanese government has repeatedly urged the Korean government to avoid if the assets of Japanese companies are sold and cashed, which "will seriously affect the relationship between Japan and South Korea."

Ministry of Foreign Affairs Executive “Korean side recognizes seriousness”

The Japanese government has a policy of urging that if the assets of Japanese companies are to be monetized by the judicial procedures in South Korea, it will "strongly affect Japan-Korea relations" and urge them to avoid it. These ideas are conveyed in a telephone conference between the two foreign ministers.

An official of the Ministry of Foreign Affairs said on the night of the 3rd, "I think that the Korean side understands that it will be a serious problem if it is made into cash. ..

In addition, another executive said, "Japan will continue to demand that the South Korean government take responsibility for redressing the violation of international law."