Promulgation of the "Pro-Japanese Assets Nationalization Act"... "Committee for the Investigation of Pro-Japanese Assets" Revived After 16 Years
Preparatory Task Force for the Committee for the Investigation of Pro-Japanese and Anti-National Assets to Be Established at the Ministry of Justice
The process of reclaiming assets unjustly accumulated by pro-Japanese collaborators for the state is set to resume in earnest.
Ministry of Justice building in Gwacheon, Gyeonggi Province. Photo by Yonhap News Agency
View original imageAccording to the Ministry of Justice on June 2, a new bill titled the "Special Act on the Nationalization of Property Held by Pro-Japanese Collaborators" was promulgated on this day. The bill includes the re-establishment of the Committee for the Investigation of Pro-Japanese and Anti-National Property and aims to push forward with the confiscation of assets related to pro-Japanese activities.
The new law will take effect six months after its promulgation. The Office of the President plans to hold an interdepartmental meeting on this day to discuss concrete measures for cooperation to ensure the successful launch and smooth operation of the committee.
In particular, the Ministry of Justice, which is the overseeing body, is expected to establish a “Preparatory Team for the Committee for the Investigation of Pro-Japanese Property” (tentative name) through this meeting. The preparatory team will be responsible for designing the committee’s organization, developing operational plans, and carrying out preliminary work necessary for launching the investigation into pro-Japanese assets, thus laying the groundwork for the committee’s activities.
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Justice Minister Jeong Seong-ho stated, “With the promulgation of the Special Act on the Nationalization of Pro-Japanese Assets, the institutional foundation for reclaiming such assets has been reestablished,” adding, “The Ministry of Justice will work closely with relevant government agencies to provide all necessary support and preparations to ensure the new committee can be launched without delay.”
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