September 27, 2023

Japanese real-estate investment firm will buy Chongryon’s Tokyo headquarters – reports

Original top bidder fell through following irregularities in the purchasing process

Japanese media on Wednesday reported that a Japanese court will allow a real-estate investment firm in western Japan to buy the Tokyo headquarters of the main pro-North Korea organization, Chongryon, on March 24.

Japan's public broadcaster NHK said the Tokyo District Court will begin the legal proceedings to sell the headquarters for the main association of North Korean residents in Japan to Marunaka Holdings, a local property investment company based in Takamatsu City, Kagawa Prefecture in western Japan.