Xinhua News Agency, Seoul, August 4 (Reporter Lu Rui and Geng Xuepeng) According to South Korean media reports, the defendant in the case of forcibly enlisting South Korean workers in the Second World War, Japan Steel Corporation (formerly Nippon Steel & Sumitomo Metal Corporation), issued a detention in South Korea. The asset order completed the publicity service procedure at 0:00 local time on the 4th and became effective.
Yonhap News Agency quoted the news of the forced labor lawyers group in South Korea. The Pohang branch of the Daegu District Court in South Korea ordered the seizure of the PNR company owned by Japan Steel (Japan Steel and South Korea’s Pohang Steel in accordance with the request of the forced labor and their survivors). South Korea’s joint venture company) held an order for 81075 shares, which came into effect on the 4th.
It is reported that if Nippon Steel does not appeal within 7 days starting on the 4th, the order to seize assets will be finally confirmed, but it will take some time to sell the company’s stock.
In response, Chief Cabinet Secretary Yoshihide Suga stated on the 4th that the Japanese government refused to sell the assets of Japanese companies by South Korea, stating that "this move by South Korea will have serious consequences."
In October 2018, the Supreme Court of South Korea (Supreme Court) sentenced Japan's Nippon Steel & Sumitomo Metal Corporation to pay 100 million won each (1 KRW equals about 0.00084 U.S. dollars) to four South Korean victims of forced labor during World War II, and found South Korea and Japan in 1965 The agreement signed when the normalization of diplomatic relations was restored in 2015 does not hinder the right of individual claims. This move triggered a strong reaction from the Japanese government, and the conflict between South Korea and Japan over the forced labor issue continued to ferment, leading to increased tensions between the two countries. (Participating reporter: Guo Dan)