Japan mulls action to avoid seizure of steel assets in S. Korea
Published on: Monday, January 07, 2019
TOKYO: Japan will consider countermeasures to protect Nippon Steel & Sumitomo Metal Corp. assets from seizure in South Korea sought in response to a wartime forced-labour complaint, Prime Minister Shinzo Abe said.It's "very regrettable that former workers from the Korean Peninsula are taking action for seizing the assets," Abe told national broadcaster NHK's "Sunday Debate" programme, adding that he has "requested relevant departments to study specific measures based on international law."A 1965 treaty between the countries resolved all matters regarding compensation claims, Abe said Sunday. Still, South Korea has argued that Japan hasn't atoned enough for its 1910-45 colonisation of the Korean Peninsula.
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Lawyers representing South Koreans who were forced into labour applied to seize Nippon Steel's local assets, the Associated Press reported Thursday. Stay up-to-date by following Daily Express’s Telegram channel.
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