Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
S. Korea to begin liquidating Nippon Steel assets on Aug. 4
S. Korea to begin liquidating Nippon Steel assets on Aug. 4
Posted on : Aug.3,2020 16:14 KST Modified on : Aug.3,2020 16:14 KST
Hankyoreh
By Kim So-youn
The liquidation of the assets of Japanese companies that have failed to comply with a South Korean court order to compensate victims of forced labor during Japan’s colonial occupation is slated to begin on Aug. 4, prompting the Japanese government to clearly threaten retaliatory measures. If the Japanese government carries through on that threat, it’s likely to reinforce a vicious cycle of economic retribution for historical disputes.
“The Japanese government plans to take countervailing measures if the assets of Nippon Steel are liquidated. Various measures are being discussed,” the Yomiuri Shimbun, a Japanese newspaper, reported on Aug. 2.
That echoed remarks made by Japanese Chief Cabinet Secretary Yoshihide Suga during an appearance on Yomiuri TV on Aug. 1. “We are reviewing all responses [to liquidation]. Our course is clear,” Suga said. The retaliatory measures that are being discussed in Japan include raising tariffs, suspending remittances, restricting visa issuance, seizing South Korean assets in Japan, and temporarily recalling the Japanese ambassador to South Korea...
“The Japanese government plans to take countervailing measures if the assets of Nippon Steel are liquidated. Various measures are being discussed,” the Yomiuri Shimbun, a Japanese newspaper, reported on Aug. 2.
That echoed remarks made by Japanese Chief Cabinet Secretary Yoshihide Suga during an appearance on Yomiuri TV on Aug. 1. “We are reviewing all responses [to liquidation]. Our course is clear,” Suga said. The retaliatory measures that are being discussed in Japan include raising tariffs, suspending remittances, restricting visa issuance, seizing South Korean assets in Japan, and temporarily recalling the Japanese ambassador to South Korea...
More at the link
http://english.hani.co.kr/arti/english_edition/e_international/956267.html
