AGL 40.00 Increased By ▲ 0.50 (1.27%)
AIRLINK 187.90 Increased By ▲ 11.27 (6.38%)
BOP 10.30 Increased By ▲ 0.21 (2.08%)
CNERGY 6.83 Decreased By ▼ -0.04 (-0.58%)
DCL 9.98 Increased By ▲ 0.05 (0.5%)
DFML 43.75 Increased By ▲ 1.01 (2.36%)
DGKC 97.74 Decreased By ▼ -0.43 (-0.44%)
FCCL 38.85 Decreased By ▼ -0.46 (-1.17%)
FFBL 81.69 Decreased By ▼ -0.17 (-0.21%)
FFL 14.20 Decreased By ▼ -0.19 (-1.32%)
HUBC 121.21 Decreased By ▼ -0.23 (-0.19%)
HUMNL 15.14 Decreased By ▼ -0.20 (-1.3%)
KEL 5.65 Decreased By ▼ -0.01 (-0.18%)
KOSM 8.07 Decreased By ▼ -0.05 (-0.62%)
MLCF 47.30 Decreased By ▼ -0.81 (-1.68%)
NBP 77.00 Increased By ▲ 1.18 (1.56%)
OGDC 197.00 Decreased By ▼ -0.41 (-0.21%)
PAEL 32.94 Increased By ▲ 0.56 (1.73%)
PIBTL 8.25 Increased By ▲ 0.10 (1.23%)
PPL 177.50 Increased By ▲ 2.00 (1.14%)
PRL 33.50 Decreased By ▼ -0.59 (-1.73%)
PTC 23.73 Increased By ▲ 1.39 (6.22%)
SEARL 102.11 Decreased By ▼ -1.09 (-1.06%)
TELE 8.55 Increased By ▲ 0.04 (0.47%)
TOMCL 35.45 Increased By ▲ 0.42 (1.2%)
TPLP 11.40 Increased By ▲ 0.14 (1.24%)
TREET 19.15 No Change ▼ 0.00 (0%)
TRG 58.18 Decreased By ▼ -0.38 (-0.65%)
UNITY 34.47 Decreased By ▼ -0.39 (-1.12%)
WTL 1.59 No Change ▼ 0.00 (0%)
BR100 11,663 Increased By 12.4 (0.11%)
BR30 35,449 Decreased By -29.3 (-0.08%)
KSE100 108,984 Increased By 744.6 (0.69%)
KSE30 33,907 Increased By 213.2 (0.63%)

SEOUL: South Korea announced plans Monday to compensate victims of Japan’s forced wartime labour, aiming to end a “vicious cycle” in the Asian powers’ relations and boost ties to counter the nuclear-armed North.

Japan and the United States immediately welcomed the announcement, but victims have criticised the proposal because it falls far short of their demand for a full apology from Tokyo and direct compensation from the Japanese companies involved.

Seoul and Tokyo have already ramped up security cooperation in the face of growing threats from Kim Jong Un’s regime, but bilateral ties have long been strained over Tokyo’s brutal 1910-45 colonial rule of the Korean peninsula.

Around 780,000 Koreans were conscripted into forced labour by Japan during the 35-year occupation, according to data from Seoul, not including women forced into sexual slavery by Japanese troops.

Seoul’s plan is to take money from major South Korean companies that benefited from a 1965 reparations deal with Tokyo and use it to compensate victims, Foreign Minister Park Jin said.

The hope is that Japan will “positively respond to our major decision today with Japanese companies’ voluntary contributions and a comprehensive apology,” he added.

“I believe that the vicious circle should be broken for the sake of the people at the national interest level,” Park added.”

Comments

Comments are closed.