Supreme Court: "Japanese Mitsubishi's Asset Seizure Measures in Korea Are Justified"

[Asia Economy Reporter Park So-yeon] The Supreme Court dismissed the rehearing filed by Mitsubishi Heavy Industries, whose compensation ruling for forced labor victims during the Japanese colonial period was confirmed, against the seizure of its assets in South Korea.

On the 13th, the Supreme Court's First Division (Presiding Justice Noh Tae-ak) announced that on the 10th, it dismissed the rehearing case regarding the 'trademark seizure order' filed by Mitsubishi Heavy Industries against Korean forced labor victims Yang Geum-deok and Kim Seong-ju.

The Supreme Court had confirmed in November 2018 a ruling ordering Mitsubishi Heavy Industries to pay compensation to Korean victims and their families who were mobilized and forced to work during the Japanese colonial period.

However, Mitsubishi Heavy Industries did not pay the compensation even after the Supreme Court's confirmation, and the court decided on a compulsory procedure to seize two trademarks and six patents held by Mitsubishi Heavy Industries in South Korea.

Mitsubishi Heavy Industries appealed the seizure order earlier this year, but the court dismissed it. Mitsubishi Heavy Industries then filed a rehearing with the Supreme Court, which also dismissed it, affirming that the asset seizure measures against Mitsubishi Heavy Industries are justified.

This content was produced with the assistance of AI translation services.