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'Japan may seize Korean firm's assets in retaliation of forced labor ruling'

Buntaro

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"The Japanese government is considering seizing the assets of Korean businesses in Japan if Seoul follows up on a 2018 Supreme Court ruling on wartime forced labor and seizes and sells Japanese companies' assets here, the Sankei Shimbun reported Friday.

"The Tokyo-based newspaper reported that the government there is also considering raising tariffs on imported Korean goods.

"Tokyo's move comes as the two countries are wrangling over the Korean Supreme Court's 2018 ruling that ordered Japan's Nippon Steel to pay 100 million won ($88,000) to each of four elderly plaintiffs for their forced labor and unpaid work during World War II."

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