Court Rejects Mitsubishi's Consecutive Appeals Against Asset Sale Order

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] The court has repeatedly dismissed appeals against the order to sell assets of Japan's Mitsubishi Heavy Industries, which has ignored compensation demands for forced labor victims during the Japanese colonial period.

According to the legal community on the 21st, the Daejeon District Court's Civil Appeals Divisions 3 and 4 recently dismissed immediate appeals against the special monetization (sale) order of trademark and patent rights concerning forced labor victims Yang Geum-deok (93) and Kim Seong-ju (93).

The Daejeon District Court announced the dismissal decision by public notice and stated, "The appellant, Mitsubishi Heavy Industries, should visit the court in person to collect the documents."

Previously, on September 27 last year, the Daejeon District Court Civil Division 28 ordered the sale of seized bonds worth about 500 million won (trademark and patent rights) of Mitsubishi Heavy Industries. This was a follow-up procedure after the Supreme Court's First Division (Presiding Justice No Tae-ak) dismissed the re-appeal against the seizure order of trademark and patent rights filed by Mitsubishi Heavy Industries against Yang Geum-deok and Kim Seong-ju on September 10 last year.

The amount that can be secured through the sale is known to be approximately 209.7 million won per person (including interest and delayed damages). Once this decision is finalized, Mitsubishi will have to monetize patent and trademark rights worth about 500 million won for the two victims. However, if Mitsubishi Heavy Industries files an appeal, the Supreme Court will make the final decision.

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