South Korean President Lee Jae-myung (イ・ジェミョン) formally announced a policy to confiscate the assets of pro-Japanese anti-national collaborators on August 15 at a commemorative ceremony marking the 81st anniversary of Gwangbokjeol (Liberation Day) held in Seoul.

President Lee stated that, based on the "Special Act on the National Confiscation, etc. of Assets of Pro-Japanese Anti-National Collaborators" promulgated on June 2 this year, "the government will investigate and confiscate the assets of pro-Japanese anti-national collaborators, and by managing the pro-Japanese assets that have been transferred to the state with greater responsibility, we will clearly pursue historical accountability."

The act was passed by the South Korean National Assembly on May 7 this year and officially promulgated on June 2. According to its provisions, it is scheduled to be fully enforced starting in December. (Provided by: CGTN Japanese)