Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

South Korea freezes assets of Mitsubishi over WWII forced labor

by

SEOUL Mar 26, 2019 - 2:03 am GMT+3
The company logo of Mitsubishi Motors is seen at its headquarters in Tokyo, Japan (Reuters File Photo)
The company logo of Mitsubishi Motors is seen at its headquarters in Tokyo, Japan (Reuters File Photo)
by Mar 26, 2019 2:03 am

A South Korean court has approved the seizure of Mitsubishi's assets over the Japanese industrial giant's use of forced labor during World War II, an activist group said Monday.

Japan and South Korea are both democracies, market economies, and US allies, but their relationship has been strained for decades as a result of Tokyo's brutal 1910-45 colonial rule over the Korean peninsula.

Around 780,000 Koreans were conscripted into forced labor by Japan during the 35-year occupation, according to data from Seoul, not including women forced into sexual slavery by Japanese troops.

After years of legal battles, five Korean victims won a ruling from the country's Supreme Court in November ordering Mitsubishi Heavy Industries to pay each plaintiff compensation of up to 150 million won (US$132,000).

Four of the wartime labor conscripts filed an asset seizure request in January, saying Mitsubishi had failed to respond to court orders. One plaintiff died earlier this year.

On Friday, the Daejeon District Court south of Seoul ordered the seizure of two trademark rights and six patents belonging to Mitsubishi, a civic group campaigning against Japan's forced wartime labor policies said.

"The process of compulsory execution against war criminal firms has officially begun," the group said in a statement released Monday.

"With the latest court ruling, the debtor will be barred from carrying out transfer of rights... or any other act of disposal on the concerned trademark and patent rights," it added.

If Mitsubishi fails to show a "sincere attitude", the group warned it would sell the seized assets.

Japan says all historical compensation issues were settled under a 1965 treaty that re-established diplomatic relations and included a reparations package of about $800 million in grants and cheap loans.

But recent court rulings in Seoul determined that the use of forced labor by Japanese firms was not included in the controversial treaty.

  • shortlink copied
  • KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    First look at Tonga tsunami devastation
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021