ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Japan-South Korea rift

Moon says Japan asset sales over wartime labor 'not desirable'

South Korean president also 'honestly confused' about ruling on 'comfort women'

South Korean President Moon Jae-in speaks during an online New Year's news conference with local and foreign journalists in Seoul on Jan. 18.    © Reuters

SEOUL -- South Korean President Moon Jae-in on Monday said the approach of forcibly converting assets to cash, following the South Korea Supreme Court's order for Japanese companies to compensate for wartime labor, is "not desirable" for South Korea-Japan relations.

In a news conference, Moon expressed his intention to hold discussions between Japan and South Korea on a solution that the plaintiffs could agree on.

"I am confused, to be frank," Moon said about the ruling by the Seoul Central District Court on the "comfort women" proceedings, in which it ordered the Japanese government to provide compensation. Moon, after acknowledging that the 2015 agreement between Japan and South Korea calling for a "final and irreversible" solution to the comfort women issue is an "official agreement between governments," said he hoped to hold discussions between the two governments to find measures victims can agree on.

Moon emphasized that "it is necessary to separate each case and seek a solution" over a series of historical issues. He said he believes that the South Korean government can persuade the plaintiffs to solve each issue if he is able to find a diplomatic solution.

He also said the Japanese government's position of linking all the issues and halting cooperation in other areas is "unwise."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more