Nippon Steel appeal over South Korea asset seizure unsuccessful at first stage
2020-08-18 11:58:41 [Print]
A South Korean court that ordered the seizure of Japanese steelmaker Nippon Steel Corp
The decision is not final, however, because by law the company's appeal will be further considered by a higher court under the three-tiered judicial system stipulated for such legal processes.
The Daegu District Court's Pohang branch received the company's "immediate appeal" on Aug. 7 and decided last Thursday that it would not accept it due to the absence of "grounds," according to reports.
The case will now be considered at the Daegu District Court.
. assets in the country in connection with a wartime labor compensation case has rejected an appeal by the firm.
The decision is not final, however, because by law the company's appeal will be further considered by a higher court under the three-tiered judicial system stipulated for such legal processes.
The Daegu District Court's Pohang branch received the company's "immediate appeal" on Aug. 7 and decided last Thursday that it would not accept it due to the absence of "grounds," according to reports.
The case will now be considered at the Daegu District Court.