An essay examining the full scope of Japan’s financial assistance under the Japan–Korea Basic Treaty, its actual use, and comparisons with South Korea’s national budget at the time, revealing the postwar structure of bilateral relations.

June 8, 2016

This is a fact that many Japanese citizens do not know, and one that readers of Asahi Shimbun in particular—like people around the world—are surely completely unaware of.
It can be found immediately by searching Wikipedia, the largest and fastest library in human history.
The facts written here also prove the correctness of the research of Tadao Umesao, the great anthropologist and folklorist produced by Japan, who concluded that the characteristics of China and its former vassal state, South Korea, were “bottomless evil” and “plausible lies.”
By reading this, one can also understand the correctness of my theory on Syngman Rhee (which was also derived from my own direct perceptions).
It also becomes clear that the Takeshima issue was a territorial violation against Japan carried out by this villain at the time of Japan’s defeat.
The reason I am now transmitting to the world the Treaty on Basic Relations between Japan and the Republic of Korea (commonly known as the Japan–Korea Basic Treaty) is that I searched in order to confirm South Korea’s national budget at the time.
I will first transmit that portion,
and by reading it, it should become immediately obvious what kind of newspaper company Asahi Shimbun is, and what on earth a reporter such as Tetsuya Hakoda represents.
At the same time, one should also be able to understand part of the reason why certain countries of the world have continued, even seventy years after the war, to place Japan in the position of a political prisoner.
Regarding the facts below,
it is unbelievable for both Japan and the world, but they have not been conveyed at all to the South Korean people.
In other words, those very facts also prove the correctness of my argument that the true nature of South Korea is that of a totalitarian state.
Lately, I have repeatedly found myself thinking how shoddy the world really is.
[Previous text omitted]
“Economic Cooperation Funds” and Their Use
Under the Agreement on the Settlement of Problems Concerning Property and Claims and on Economic Cooperation between Japan and the Republic of Korea, Japan provided South Korea with the following funds and loans.
• US$300 million worth of goods and services, grant aid (1965) (at the time, US$1 ≈ ¥360)
• US$200 million in yen loans (1965)
• More than US$300 million in private loans (1965)
The total amounted to approximately US$1.1 billion.
At that time, South Korea’s national budget was US$350 million, and Japan’s foreign exchange reserves were about US$1.8 billion.
In addition, it was stipulated that the funds “must contribute to the development of the economy of the Republic of Korea.”
The South Korean government used these funds, under the 1971 law concerning the reporting of private claims against Japan and the 1972 law concerning compensation for private claims against Japan (abolished in 1982), to provide individual compensation payments to the bereaved families of those mobilized or conscripted as soldiers, civilian employees, or laborers.
However, compensation for wartime conscription amounted to only 300,000 won per deceased person (approximately ¥22,400), and the total amount of individual compensation was only about 9.18 billion won (approximately ¥5.8 billion at the time), a mere 5.4% of the US$300 million in grant aid (approximately ¥108 billion at the time).
Furthermore, the bereaved families of those who died after the end of the war, wounded veterans, atomic bomb victims, Koreans residing in Japan or overseas Koreans such as those in Sakhalin, and former comfort women were excluded from compensation.
The South Korean government used most of the remaining funds for infrastructure development such as the construction of roads, dams, and factories, as well as for investment in enterprises, leading to the economic development known as the “Miracle on the Han River.”
To be continued.