Supreme Court upholds ruling ordering Nippon Steel to pay damages
South Korea's Supreme Court on Wednesday affirmed a lower court order requiring Japanese steelmaker Nippon Steel to pay a total of 80 million won to five family members of Min Moon-sik, who was forced to work at the company's Kamaishi steel mill for about five months in 1942 and died in 1989. The family filed the suit in 2019. The ruling is the latest in a string of decisions since a landmark 2018 ruling that found Japanese companies liable for forced labor damages, and it reinforces the legal pathway for similar claims.
Nippon Steel must pay 80 million won to the victim's family.
Context
Courts in South Korea began issuing rulings on forced labor claims after a 2018 decision.…
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- Full ContextLocked
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- Stock ImpactLocked
- Economic IndicatorRising contingent‑liability risk for…Locked
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- Watch PointsNew forced‑labor lawsuit filings in…Locked
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- Historical Parallel2018 South Korean Supreme Court ruling…Locked
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