Court Orders Japan to Submit List of Assets in Korea by March Next Year
[Asia Economy Reporter Kim Daehyun] The court has ordered the Japanese government, which lost the 'comfort women victim compensation lawsuit,' to submit a list of its assets in South Korea to the court by March next year.
According to the legal community on the 1st, Judge Nam Seong-woo of the Civil Division 51 at the Seoul Central District Court set the asset disclosure date for 10 a.m. on March 21 next year. Asset disclosure is a compulsory execution procedure to identify assets that can actually be seized.
Earlier, 12 comfort women victims filed a lawsuit against the Japanese government, demanding compensation of 100 million won per person for damages caused by illegal acts, and won the case on January 8 this year. Japan invoked the principle of 'state immunity' (sovereign immunity), which exempts a sovereign state from the jurisdiction of another country's courts, and did not respond to the lawsuit. Japan also did not appeal the first-instance ruling, confirming its loss.
Hot Picks Today
If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- SpaceX Pursues 'Largest Ever' Mega IPO... Profitability of Space Business Still Unclear
- Room Prices Soar from 60,000 to 760,000 Won and Sudden Cancellations: "We Won't Even Buy Water in Busan" — BTS Fans Outraged
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Due to the Japanese government's non-response, the victims filed a petition with the court in April requesting the disclosure of the Japanese government's assets in South Korea to forcibly collect the compensation. The court accepted the asset disclosure petition in June, stating, "The debtor must submit a list of assets specifying the asset status on the asset disclosure date."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.