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(3rd LD) Japan calls in S. Korean ambassador over company asset seizure for forced labor

All News 18:45 January 09, 2019

(ATTN: RECASTS headline, lead; ADDS more info in paras 6, 10)

TOKYO/SEOUL, Jan. 9 (Yonhap) -- The Japanese government summoned Seoul's top envoy in Tokyo on Wednesday to protest a court decision to seize assets of a Japanese company in South Korea following a request by victims of wartime forced labor.

Last year, South Korea's Supreme Court ordered Nippon Steel & Sumitomo Metal to pay compensation to four South Koreans for their forced labor and unpaid work during World War II. Korea was under Japan's colonization at that time.

As the firm has refused to comply with the ruling, the plaintiffs requested asset seizure. A court in Pohang, southeast of Seoul, said Tuesday it has approved the petition.

Japan's Vice Foreign Minister Takeo Akiba expressed regrets over the court decision when he met South Korean Ambassador Lee Su-hoon.

After the 10-minute talks with Akiba, Lee told reporters that Seoul and Tokyo should make greater efforts to prevent bilateral ties from further worsening, particularly when their relations face a "difficult" situation.

South Korean Ambassador to Japan Lee Su-hoon speaks during a meeting with reporters at Japan's foreign ministry in Tokyo on Jan. 9, 2019. (Yonhap)

According to Kyodo News, Japan made a request to Lee that Seoul and Tokyo begin talks over the issue of the asset seizure.

The assets in question are 81,075 shares, worth around 400 million won (US$356,000), in a joint venture set up by Nippon Steel and South Korean steelmaker POSCO.

Japanese officials have argued that all reparation-related issues tied with the 1910-45 colonial rule were settled in a 1965 state-to-state deal on bilateral normalizing diplomatic relations.

South Korea's Ministry of Foreign Affairs will respond to Japan's offer, if made, after a "prudent review," based on inter-agency discussions, a ministry official said.

Later in the day, the joint venture by the South Korean and Japanese firms received the legal document about the asset seizure, a procedure that effectuated the court decision.



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