Court Orders Seizure of Domestic Bonds of War Criminal Company Mitsubishi

[Image source=Yonhap News]

[Asia Economy Reporter Seongpil Cho] The court has reportedly accepted the application of the families of victims of forced labor during the Japanese occupation and issued a seizure order on the domestic claims of the war crime company Mitsubishi Heavy Industries.

According to the legal community on the 19th, the Anyang Branch of Suwon District Court recently issued an order for seizure and collection of claims regarding approximately 850 million KRW worth of payment claims Mitsubishi holds against the domestic company LS Mtron Co., Ltd. The seized claim amount includes about 340 million KRW in damages confirmed by the Supreme Court ruling for four victims of forced labor during the Japanese occupation, as well as delayed damages and enforcement costs.

Previously, in 2018, the Supreme Court ruled that Mitsubishi Heavy Industries must pay between 80 million KRW and 150 million KRW per person to the forced labor victims, but Mitsubishi Heavy Industries did not comply. Subsequently, the families of the forced labor victims confirmed that Mitsubishi had been conducting transactions with LS Mtron and applied to the court earlier this month to seize the payment claims. Despite the Supreme Court ruling, Mitsubishi did not fulfill the compensation, leading to the discovery of Mitsubishi’s domestic claims.

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