Korea Rejects Japan's Proposal for Third-Party Arbitration
The Blue House confirmed on July 16 that it would not accept the Japanese government’s proposal regarding the organization of a third-party arbitration committee to handle the South Korean Supreme Court’s ruling on compensation for wartime forced labor victims. The Blue House is supposed to reply by July 18.
Earlier, South Korean President Moon Jae-in remarked that Japan’s economic retaliation against South Korea will not turn out to be successful and it is not South Korea but Japan that will suffer more damage in the end.
The Blue House also affirmed that the compensation plan that some are mentioning with regard to the victims and is based on the South Korean government’s and South Korea and Japanese companies’ coordination cannot be an option. “No compensation plan can be discussed without the consent of the victims,” it said, adding, “Some media reports are saying that the South Korean government is giving it consideration, yet the reports are not true at all.”
When it comes to the South Korean government’s plan on South Korean and Japanese companies’ funding, the Blue House said that the plan could be examined because the victims gave their consent.