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

Nippon Steel to immediately appeal South Korea's asset seizure

Ruling allows for confiscation of stocks to compensate for wartime labor

Nippon Steel says the wartime labor issue has already been resolved by the Japanese and the South Korean governments.   © Reuters

SEOUL -- Nippon Steel decided on Tuesday to immediately appeal a South Korean court ruling that took effect the same day and allows for the seizure of company assets as compensation for wartime labor during Japanese colonial rule.

Sponsored Content

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

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