South Korea's foreign ministry plans to hold a public hearing Thursday on ways to resolve the thorny issue of how to compensate victims of Japan's wartime forced labor during World War II in line with the Supreme Court's ruling.

The hearing, co-organized by the ministry and Rep. Chung Jin-suk, head of the South Korea-Japan Parliamentarians' Union, is scheduled to be held at the National Assembly in Seoul.

The government is reportedly considering creating a fund from donations of South Korean companies to compensate victims without the participation and formal apologies of the accused Japanese firms, such as Mitsubishi Heavy Industries Ltd. and Nippon Steel Corp.

Victim groups have voiced strong opposition to the alleged resolution that lacks the direct involvement of related Japanese firms. Some have decided to boycott the hearing in protest of such a solution.

In 2018, the victims won their legal battle against Japanese companies in a landmark South Korean Supreme Court ruling ordering those firms to pay compensation.

Seoul and Tokyo have held several rounds of working-level consultations on ways to resolve the issue. (Yonhap)