Tag: liquidation

liquidation

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An underground entry to Homeplus branch in Seoul on July 5

DP pressures MBK, Meritz to provide 100 billion won in emergency funds as Homeplus faces liquidation

In response, MBK Partners reportedly requested a 200 billion won loan agreement while Meritz Financial Group insisted that legal reviews and board approval were prerequisites for the funds' release.

2026.7.9

Foreign Minister Park Jin, left, and forced labor victim Yang Geum-deok, meet at her home in Gwangju on Friday. [YONHAP]

Forced labor victims say they don't want government's compensation

In concluding a series of meetings with civic organizations and experts to discuss Korea’s forced labor issue with Japan on Monday, the Foreign Ministry said it is well aware that forced labor victims don’t want the Korean government to step in to...

2022.9.6

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Korea's ambassador to Japan Yun Duk-min responds to questions from the press at Haneda Airport in Tokyo on July 16. [YONHAP]

Put off liquidations, Korea's envoy to Tokyo proposes

Korea's ambassador to Japan proposed holding off the liquidation of Japanese assets to compensate victims of wartime forced labor for the sake of better relations with Tokyo. "I think it is necessary to freeze the liquidation process and create a...

2022.8.9

Foreign Minister Park Jin, left, with Japanese Prime Minister Fumio Kishida, right, at the residence of the prime minister in Tokyo on Tuesday. [YONHAP]

Korea's top envoy finds Kishida 'attentive' in Tokyo

Foreign Minister Park Jin stressed Seoul’s commitment to improving relations with Tokyo in a meeting with Japanese Prime Minister Fumio Kishida on Tuesday. “After meeting with Prime Minister Kishida several times on the occasion of the NATO summit…

2022.7.19

Japan's Foreign Minister Toshimitsu Motegi in this file photo dated Jan. 18 at the Lower House's plenary session of the 204th Ordinary Diet session at the National Diet in Tokyo. [KEIZO MORI/UPI/YONHAP]

Japan foreign minister claims wartime victims' compensation is law violation

The recent Korean court order to sell Mitsubishi Heavy Industries' assets in the country to compensate Korean victims of Japanese wartime forced labor was a “clear violation of international law,” Japanese Foreign Minister Toshimitsu Motegi said...

2021.9.29

PNR, a rotary hearth furnace technology joint venture by Nippon Steel and Korean steelmaker Posco, in Pohang, North Gyeongsang. The photo is a screen capture from the website of PNR. [YONHAP]

Court appraises Japanese company's assets to pay forced labor victims

A Daegu court appraised a joint Korean-Japanese venture company in Korea as it prepares to sell off the assets of a Japanese steel company to compensate wartime forced labor victims. The Pohang branch of the Daegu District Court announced Thursday...

2021.5.13

The Nippon Steel headquarters in Tokyo is pictured Monday. As of Tuesday, a Daegu district court has cleared legal procedures to seize the Japanese company’s assets in Korea to compensate wartime forced labor victims. [YONHAP]

Daegu court can proceed to sell off Japanese assets

Seoul and Tokyo are looking at an extended period of rocky relations after a Daegu court Tuesday finished serving notice on Nippon Steel that its assets in Korea would be seized to compensate wartime forced labor victims.

2020.8.4

Tag: liquidation

liquidation

Latest News

DP pressures MBK, Meritz to provide 100 billion won in emergency funds as Homeplus faces liquidation

Forced labor victims say they don't want government's compensation

Most popular

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Put off liquidations, Korea's envoy to Tokyo proposes

Korea's top envoy finds Kishida 'attentive' in Tokyo

Japan foreign minister claims wartime victims' compensation is law violation

Court appraises Japanese company's assets to pay forced labor victims

Daegu court can proceed to sell off Japanese assets