Mitsubishi Heavy patents to be sold for cash

Mitsubishi Heavy patents to be sold for cash

Four South Korean plaintiffs in damages lawsuits brought by Mitsubishi Heavy Industries Ltd. over wartime labor have begun procedures to sell the Japanese firm's assets held in South Korea for cash, according to a group supporting the petitioners.

The four individuals, who are currently waiting for a ruling from South Korea's Supreme Court after winning lower court verdicts in their favor, have filed on Friday for the seizure of four Mitsubishi Heavy patents with Daejeon District Court in central South Korea.

The combined amount of compensation for them and overdue interest will be requested by the sale of assets to generate a total of 687 million South Korean won.

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