South Korea’s WWII labor claims execution order served to Japanese companies saying they would appeal immediately

　　Chinanews.com, August 4th, a comprehensive report, the South Korean court issued an order to seize its property in South Korea by the Japanese company Nippon Steel (formerly Nippon Steel & Sumitomo Metal) involved in the WWII forced labor compensation case, at 0:00 local time on the 4th. The announcement was completed and it became effective.

　　According to reports, if Nippon Steel does not appeal before 0:00 on the 11th, 7 days later, the stock seizure order will be finalized, but it will take time to actually sell the stock.

　　In this regard, Japanese media reported on the 4th that Japan Steel said in response to the Korean court’s decision to confiscate assets that it "plans to appeal immediately." The Japan Railways said: "It will properly respond in accordance with the status of diplomatic negotiations between the governments of Japan and South Korea."

　　South Korea was forced to recruit labor victims by Japan’s lawyers on the same day that the Pohang Branch of the Daegu District Court issued an order to the debtor to seize 81,075 shares of the PNR company held by Nippon Steel (formerly Nippon Steel & Sumitomo Metal) at the request of the laborer and survivors. "The procedure for the service of this order will take effect on the 4th.

　　The full-member collegiate panel of the Supreme Court of South Korea ordered Japan Steel to compensate each victim 100 million won in its final trial in October 2018. On January 9, 2019, the Pohang Branch served a seizure order to the PNR company. From that day on, Nippon Steel was not allowed to dispose of the property. However, due to the boycott of the Japanese Ministry of Foreign Affairs, the seizure order did not normally reach the Japan Steel Headquarters. The Pohang Branch had to decide on June 1st this year to deliver it by public announcement.