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Nippon Steel appeals S. Korean court-ordered asset seizure Updated: 2020-08-07 13:17:10 KST

The Japanese company Nippon Steel has filed an immediate appeal in South Korea against a court-ordered seizure of its local assets.
The assets, if seized, would be used to compensate South Koreans subjected to forced labor by the company during World War Two.
The filing of the appeal by Nippon Steel was confirmed by the Daegu District Court this morning.
The seizure order was set to take effect next week, so this postpones the order, giving the company another chance to make its case.
Japan has indicated that it will retaliate if the seizure goes ahead, which could mean tariffs, financial sanctions or other measures.
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