Governments of Japan and Republic of Korea

“ Long-term and low-interest loans up to so much in yen as shall be equivalent to two hundred million United States dollars ($200,000,000) , at present computed at seventy-two billion yen (¥72,000,000,000) , which are requested by the Government of the Republic of Korea and which will be covered by procuring the products of Japan and the services of Japanese people necessary for implementing the enterprises to be decided upon in accordance with arrangements to be concluded under paragraph 3 within a period of ten years of the date on which the present Agreement enters into force. ”

“ These loans shall be extended by the Overseas Economic Cooperation Fund of Japan, and the Government of Japan shall take the necessary measures to enable the Fund to secure the funds for equal annual loans. The aforesaid supply and loans must serve the economic development of the Republic of Korea. ”

“ The property, rights, and interests of the people of either High Contracting Party who have ever resided in the territory of the other High Contracting Party in the period between August 15, 1947, and the date of the signing of the present Agreement; and
(b) The property, rights, and interests of either High Contracting Party and its people which were acquired or brought under the control of the other High Contracting Party in the course of ordinary contacts after August 15, 1945. ”