Mitsubishi Heavy Assets to Be Seized Soon over Wartime Labor


Seoul, March 4 (Jiji Press)--Lawyers for South Korean plaintiffs in wartime labor lawsuits said Monday that they will soon start procedures to seize South Korean assets of Mitsubishi Heavy Industries Ltd. <7011>, including the Japanese company's trademarks and patents.

The move came after South Korea's Supreme Court on Nov. 29 last year rejected Mitsubishi Heavy's appeal on two lawsuits involving wartime labor and finalized earlier orders for the company to pay compensation.

The plaintiffs included those who claimed that they were forced to work for the company during World War II. The Korean Peninsula was under Japanese colonial rule at that time.

In a statement, the lawyers criticized Mitsubishi Heavy for failing to respond to their requests for negotiations by February, which was set as a deadline by the plaintiffs' side, saying that the company let go of a chance to build trust and reconcile.

They declared that there was no other way.

[Copyright The Jiji Press, Ltd.]

Jiji Press