NIPPON STEEL CORP. FILES APPEAL OVER THE COURT-ORDERED SEIZURE OF ITS ASSETS IN SOUTH KOREA

Highlights –

• Nippon Steel Corp. files appeal over the court-ordered seizure of its assets in South Korea.
• South Korea and the Japanese steel making company are under dispute for wartime labor compensation.
• The Japanese company was ordered to pay the plaintiffs $84,000 each in damages.
• Friday's immediate appeal by Nippon Steel was confirmed by the court.