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@article{ART001945817},
author={KEUM Bowoon},
title={The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960)},
journal={The Review of Korean History},
issn={1225-133X},
year={2014},
number={116},
pages={383-434}

TY - JOUR
AU - KEUM Bowoon
TI - The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960)
JO - The Review of Korean History
PY - 2014
VL - null
IS - 116
PB - The Historical Society Of Korea
SP - 383
EP - 434
SN - 1225-133X
AB - This research aims to study the change of the way of that the US’s foreign policies applied to Korea after cessation of USAMGIK and Korea recognized it through investigation on ‘Foreign Liquidation Commissioner Debt(‘FLC debt’)’ which USAMGIK borrowed in 1946 and Korean Government had to pay back after 1948. The purpose of this study is to present how Korean-American relations has been developed based on this ‘claim-obligation relationship’. Firstly, it examines the US’s managing of ‘Office of Foreign Liquidation Commissioner’. It was a part of the US’s foreign policy after WWII for liquidating surplus war properties in foreign countries. In 1946, USAMGIK bought the US’s surplus war properties with ‘FLC debt’ to use for liquidating surplus properties in Japan and for operating USAFIK. After establishment of Korean government, the Department of State changed the application plan of ‘FLC debt’ which would be used for the US’s policies on Korea. More specifically, the US tried to utilize it to manage the delegations for aid and diplomacy and to operate ‘Fulbright Program’, one of the US’s cold-war policy. Then this paper shows that the Korean government’s cognition and reaction against the US’s ‘FLC debt’ policy. Even though the Korean government had to accept the obligation of ‘FLC debt’ for being transferred administrative authority from the US, Korean government was suffered from economic and political burden to repay ‘FLC debt’. So, Korean government asked to the US to cancel the obligation, but it was failed. Finally, Korean government quitted repaying the debt. This article argued that it was Korean government’s intention concerning the plan of purchasing the US’s surplus agricultural products because the US planned to use the profit from selling the surplus agricultural products for the national defense and cultural exchange program like ‘Fulbright program’ in Korea. That means, Korean government thought the original application plan of ‘FLC debt’ was disappeared and decided to settle the obligation of ‘FLC debt’. Also, this was profitable to the US because they could get more advantages from selling surplus agricultural products not only for protecting internal agricultural market but also for operating policies on Korea such as national defense and ‘Fulbright program’. Eventually, the US government canceled the obligation of Korean government on ‘FLC debt’ in 1958, and Korean government agreed the revision of ‘Fulbright Agreement’. Consequently, ‘FLC debt’ was functioned as a lever to implement the US’s policy on Korea reflecting different interests between Korea and the US until after establishment of Korean government through the US’s occupation period.
KW - Office of Foreign Liquidation Commissioner;FLC debt;Surplus War Property;Post-War;USAMGIK;Occupation;Korean-American Relations;Fulbright Program;Educational Exchange Program;Surplus Agricultural Products
DO -
UR -
ER -

KEUM Bowoon. (2014). The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960). The Review of Korean History, 116, 383-434.

KEUM Bowoon. 2014, "The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960)", The Review of Korean History, no.116, pp.383-434.

KEUM Bowoon "The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960)" The Review of Korean History 116 pp.383-434 (2014) : 383.

KEUM Bowoon. The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960). 2014; 116 : 383-434.

KEUM Bowoon. "The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960)" The Review of Korean History no.116(2014) : 383-434.

KEUM Bowoon. The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960). The Review of Korean History, 116, 383-434.

KEUM Bowoon. The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960). The Review of Korean History. 2014; 116 383-434.

KEUM Bowoon. The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960). 2014; 116 : 383-434.

KEUM Bowoon. "The US’s Management of ‘Foreign Liquidation Commissioner Debt’ and the Korean-American Relations(1945～1960)" The Review of Korean History no.116(2014) : 383-434.