KOREA-JAPAN CONFERENCE (Confidential)

Summary Record of the Second Session of the Claims Committee
1. Date, time and place:
February 23rd (Saturday), 1952 10:15 hours-12:45 hours
At Room No. 419, Ministry of Foreign Affairs
2. Conferees:
Japanese Delegates Mr. Katsumi OHNO
Mr. Tadashi ISHIDA
Mr. Goro HATTORI
Mr. Toshio MITSUDO
Mr. Shigeru HIROTA
Mr. Katsuo UEDA
Korean Delegates Mr. LIMB Song Bon
Mr. HONG Jin-ki
Mr. LEE Sang Duk
Mr. LEE Il Woo
Mr. HAHN Kyu Young
3. Proceedings:
1. The Korean delegation gave the explanations item by item on its proposal as follows:
a. In regard to paragraph 1, return of precious articles is to be settled politically rather than legally for the future friendly relations between the Republic of Korea and Japan through the amicable cooperation of the Japanese Government,
b. With regard to paragraph 2, repayment of the obligations and debts of the Government of Japan to the Government-General of Chosun as of August 9, 1945 is to be made on the ground that the Government of the Republic of Korea took over the United States Military Government in Korea which had succeeded the Government-General of Chosun,
c. Concerning paragraph 3, return of monetary accounts transferred or remitted from Korea on and/or since August 9, 1945 is to be made in accordance with the USAMGIK Ordinance No. 33 promulgated on Dec. 6, 1945, by which all properties of Japan and its nationals under the jurisdiction of the United States Army Military Governor in Korea had been vested in and owned by the United States Army Military Government in Korea on September 25, 1945 and thereafter had been transferred to the Government of the Republic of Korea,
d. Regarding paragraph 4, return of properties in Japan of the Korean juridical persons with head offices in Korea as of August 9, 1945 is to be also made pursuant to the aforementioned Military Government Ordinance No. 33 and the Initial Financial and Property Settlement between the Government of the Republic of Korea and the Government of the United States of America dated September 11, 1949, just as dispositions of properties in Japan of its natural persons,
e. With respect to paragraph 5, repayment of claims of Korean nationals and its juridical persons to the Government of Japan and its nationals is to be made to the Korean nationals and its juridical persons with head offices in Korea,
f. Concerning paragraph 6, legality of Korean nationals’ and/or its juridical persons’ ownership of the shares or other securities issued by the Japanese juridical persons as of August 9, 1945, which, it is said, were nullified and reissued after the war, is to be recognized in accordance with the said Military Government Ordinance No. 33 and the Article 4 of the Peace Treaty,
g. Regarding paragraph 7, all the interests and profits as have been or will be yielded by the said properties and claims are to be returned and,
h. Regarding paragraph 8, method of return or repayment of the said properties and claims is to be treated as same as that of properties and claims in Japan of Allied nationals pursuant to the Article 15 of the Peace Treaty.
2. Japanese side wanted Korean side to submit the lists in which each paragraph of the Korean delegation’s proposal has been itemized and figured in detail and Korean side made reply, saying that the lists could not be presented until the principles of whether or not the return would be made were fully discussed.
3. In this regard, Korean side agreed to produce only the detailed items in the coming session, reserving presentation of the figured lists.
4. The meeting adjourned at 12:45 hours. It was agreed to reconvene at 14:00 hours, February 27 (Wednesday), 1952 at the same conference room.

 

END