S.Korea court approves sale of MHI assets

A district court in Daejeon, South Korea, on Monday approved the sale of some of the assets seized from Japan's Mitsubishi Heavy Industries in a case of plaintiffs seeking damages for wartime labor.

This is the first time a South Korean court has allowed the liquidation of a Japanese firm's assets in a wartime labor case.

The Japanese company said it will immediately appeal. The firm also said it will take appropriate action while keeping in touch with the Japanese government.

The Japanese government says any right to claims were settled completely and finally in 1965, when Japan and South Korea normalized ties.

The government argues that the compensation orders to Japanese firms and the legal proceedings are in breach of international law, and is urging South Korea to rectify the situation.