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South Korean wartime laborers seek sale of Japan company assets

Nippon Steel and Nachi-Fujikoshi's local joint ventures targeted for compensation

A group of South Korean lawyers representing former wartime laborers raise their fists at a news conference on March 19.   © Kyodo

SEOUL -- Lawyers representing South Koreans forced to work for Japanese corporations during World War II said Wednesday that they asked a court to sell assets seized from Nippon Steel and machine maker Nachi-Fujikoshi to secure compensation, a move that could spark backlash from Tokyo.

This is the first time the plaintiffs have begun the process to sell Japanese companies' assets. A court decision and delivery of the order to the companies is expected to take some time, however, with lawyers for the plaintiffs saying that it could take over three months until the actual sale.

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