JAPAN/SOUTH KOREA: Japan threatens retaliation if seized assets sold off

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A South Korean court is preparing to sell assets seized from Nippon Steel in order to compensate former forced laborers and their descendants. While the sale could take time, Japan has promised dramatic retaliation if the assets are sold. The dispute stems from a fundamental conflict over the nature of their relationship, suggesting it will be difficult for Seoul and Tokyo to repair their relationship without significant domestic change. The Daegu District Court announced on 4 August that it had completed the process of serving notice to Nippon Steel that it would sell the assets se
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