URGENT: S. Korea court orders sale of confiscated Nippon Steel assets

Politics Economy Society

A South Korean court on Thursday ordered the sale of confiscated assets of Nippon Steel Corp. to compensate plaintiffs in a wartime forced labor lawsuit, in the second court decision of its kind. The order against the company, formerly known as Nippon Steel & Sumitomo Metal Corp., was issued by a district court branch in the southeastern city of Daegu, and follows one issued in September in another case involving Mitsubishi Heavy Industries Ltd.

Kyodo News

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