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. 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.
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.
