A South Korean court Thursday ordered the sale of confiscated assets of Nippon Steel Corp. to compensate plaintiffs in a wartime forced labor lawsuit, a court official said, in the second court decision of its kind.
The order against the Japanese company was issued by a district court branch in the southeastern city of Daegu. It follows one in September in another case involving Mitsubishi Heavy Industries Ltd.
Nippon Steel is highly likely to appeal the court's order, just like Mitsubishi Heavy did. If an appeal is made, it is expected to take considerable time as the case could reach the top court.